Data from the U.S. government showed gross domestic product plunged by a record 32.9% in the second quarter. The number was not as bad as feared, however, as economists surveyed by Dow Jones had expected a 34.7% decline.
Meanwhile, U.S. weekly jobless claims came in at 1.434 million, roughly in line with estimates. However, continuing claims, or those who have been collecting for at least two weeks, totaled 17.018 million, up from about 16 million last week.
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Mike Santoli's market notes: Fed impact, more risk-embracing tone, 2009 vs. 1929New for subscribers: Mike Santoli's market notes: Fed impact, more risk-embracing tone, 2009 vs. 1929 Check out CNBCPro for a free trial.
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Cramer says Trump's election delay suggestion 'sows chaos and chaos is bad for the stock market''It sows chaos, and chaos is bad for the stock market,' Jim Cramer said on 'Squawk on the Street.' He’s dreaming if he thinks he can delay an election. Maybe Donny Jr and Eric needed to increase their portfolio some more? Who gives a fuck about the stock market
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Stock market live updates: Stocks rise, Kodak rockets higher, Big Tech hearings and Fed aheadShares of Tesla jumped after Morgan Stanley raised its base case target on the stock to $1,050 and its bull case forecast to $2,500. $TSLA Follow along with the latest stock market updates here: lol lol lo GO Nice. I am curious to see where WKHS will end up this year. Especially if they can get the USPS contract. 🤣 can’t make this stuff up
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Stocks sink after US, Germany report record economic dropsNEW YORK (AP) — Stocks are falling in early trading on Wall Street Thursday after the U.S. and Germany reported record contractions in their economies in the second quarter as the coronavirus... Um, and Trump's insinuation that he wants to postpone the election. Wall Street is not the economy!!!!! AP and other fear mongers led to widespread shutdowns in an effort to hurt the economy. Still going on.
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