The market moved sharply lower on Thursday despite new unemployment claims beating Wall Street expectations, as stocks reversed robust gains from earlier this week.The Dow Jones Industrial Average was down 2.6%, over 750 points, on Thursday, while the S&P 500 fell 3.4% and the tech-heavy Nasdaq Composite lost 4.9%.
Shares of Big Tech stocks fell sharply across the board: Amazon and Microsoft were both down by around 5%, while Google-parent Alphabet slipped more than 4%. Investors also continued to take profits out of high-flying stocks like Apple and Tesla, which fell by around 6% and 8%, respectively, just days after both companies completed stock splits.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
skleb1234 Are you glad that trump is president?
skleb1234 Where’s the presidents tweet about this?
skleb1234 The market will soar 17% tomorrow on the employment report
skleb1234 Sweet, so which SP should I grab while it’s cools down?
skleb1234 Is it shorting $TSLA that kicked this off?
skleb1234 Wow. Great news for beers
skleb1234 Soon return to last point.
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Zoom adds an eBay worth of market cap as stock shoots more than 40% higherZoom topped a $100-billion market capitalization for the first time before ending the session at $129.1 billion, thanks to the addition of $37.4 billion to its total — roughly the equivalent of eBay valuation. tomfgoodwin’s comments on LinkedIn regarding zoom_us are mighty poignant and thought-provoking: Zoom $ZM Funny that $EBAY rose when Trump told people to sell his autograph on the site!
Source: MarketWatch - 🏆 3. / 97 Read more »
5 things to know before the stock market opens WednesdayShares of Macy’s rose after the embattled retailer saw digital sales during the pandemic surge 53% in Q2. Here are 5 things to know before the stock market opens today: We thought they were going bankrupt so we used all our outstanding gift certificates
Source: CNBC - 🏆 12. / 72 Read more »
The stock market thinks Joe Biden is going to beat Donald TrumpA basket of stocks that could fare well in a Biden presidency has been outperforming the overall market and a portfolio of stocks that might benefit from a second Trump term Democrat mandates are better than Republican mandates for the stock (and for America of course). Biden2020 BidenHarris2020
Source: CNN - 🏆 4. / 95 Read more »
Here's what happened to the stock market on WednesdayThe major averages rallied Wednesday as investors snapped up shares in some of the more beaten-down parts of the market. Powell saw his portfolio skyrocket. Just like yesterday and the day before that. EndTheFed These criminals need life in prison. New disaster foreign policy. Majority UN security councils including Europian alies rejected 2nd RESOLUTION 4 last 3 weeks against Iran to extend sanction on trading weapons between Iran&the world after Oct.This is major fact of continuation of failed Tru/Pompeo foreign policies. Coincidence or not, the day the Fed announced a massive injection of liquidity, the plunge in the market abated and the extraordinary recovery in stocks began.
Source: CNBC - 🏆 12. / 72 Read more »
September and the stock market: Three experts on what to expectStocks rallied on Wednesday to push the S&P 500 and Nasdaq to records. The session solidified Wall Street's strong start to September. Three experts discuss what's next. TradingNation TradingNation Is yhat the same experts that said August would be down because it always is? Just asking for a friend. TradingNation S&P 500 to 4000
Source: CNBC - 🏆 12. / 72 Read more »