Stock market news today: Dow and S&P 500 updates - CNN

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Office Depot stock surged today after announcing Friday it was closing some stores and laying off 13,000 employees, about one-third of its workforce

) said it saw encouraging early data from the human safety trial of a potential Covid-19, which was green-lit by the Food and Drug Administration at the start of the month.

The company'sMeanwhile, Federal Reserve Chairman Jerome Powell said both the central bank, as well as Congress, might have to do more to get the US economy through the coronavirus recessionStill, Powell was confident about the eventual recovery of the economy:"But I would just say this. In the long run, and even in the medium run, you wouldn't want to bet against the American economy.

 

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Stockholders get richer when 13,000 jobs get eliminated. Not right!

Elyria Ohio will be one of them. We lost Macy's, Dillars, Sears, Dicks, Best Buy and J.C. Pennys. Just another empty store up here

Now that doesn’t make sense.

The stock market is the rich man's economy.

Capitalism, baby...

Exhibit A for why the stock market does not represent the health of the general economy

Stock surge (greed), and 13,000 people out of work. Isn’t the capitalist, free enterprise wonderful.

This is sickening. Wall Street celebrates massive job losses.

Woo!

Yay. How much stimulus did they get? Stock market equates to rich people so no wonder it rejoices at the hardship of working Americans.

😱😱😱

Trumps money men raking it in, the working class being tossed in the gutter. Time to get the rich out of government and put the working class in their place instead

Office Depot kills 13K jobs and stock soars. The Trump economy in a nutshell. Trump cultists are nuts from hell. TrumpDepression

realDonaldTrump is considering resignation. The news media needs to start asking serious questions about this prospect. Many people also saying that Mike Pence is talking with GOP about removing Trump from the ticket.

Must be due to our new HomeDepot purchase, a new refrigerator. Moving from the 1980s technology to present day. You know you’re getting older when you get joy from a new frig.

The Dems love killing jobs. This is what you get when you force people to stay home and close businesses.

Did they get bailouts that will be equal to CEO bonuses?

Good, they have too many locations... the changing market of retail shows that their business supply business will grow and retail will drop

More cocaine for me.

hooray for capitalism

The worst the news the better Wall St does!

Tell the Demos controlled states to open up and stop the hardship.

Making America “Great” Again.

Everything surged today. Earning don't matter when the Fed is buying.

Fuck them! They lay-off employees cutting cost, stock goes up. Principals sell stock for a profit, easy money off of the backs of their employees!

Fuck the stock market.

I usually only see 3 employees in my local store, so I'm assuming my store will be self service.

i thought they been closed up shop. still unfortunate to read.

Sad correlation?

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