Stocks finished slightly lower on Thursday as U.S. lawmakers remained at odds over the next coronavirus relief bill and weekly unemployment claims came in below a million for the first time since the coronavirus crisis began.Angela Weiss/AFP via Getty ImagesThe Dow Jones Industrial Average was down 0.3%, nearly 100 points, by midday on Thursday, while the S&P 500 was down 0.2% and the tech-heavy Nasdaq Composite gained 0.3%.
The market pared back early losses after better-than-expected unemployment data: The Labor Department said that 963,000 AmericansThursday’s numbers are down from 1.2 million claims the prior week and it’s thesince March that claims have dipped below one million, although the labor market’s recovery still has a long way to go.
Sentiment took a hit as Democrats and Republicans remain deadlocked over a new coronavirus relief package: White House economic adviser Larry KudlowCNBC Thursday that talks were at a “stalemate” and that Democrats are “asking for too much money” in the next bill. Shares of companies that would benefit from a reopening of the economy—including airlines, cruise operators and retailers—struggled on Thursday, while Big Tech stocks like Apple and Facebook moved slightly higher.crucial quote
Investors are still expecting another stimulus package will eventually get passed: “The market still wants, and very much expects, an actual stimulus bill to be signed,” according to Tom Essaye, editor of the Sevens Report. “Looking forward, stimulus bill negotiations will continue, but [Trump’s] executive orders likely reduce the urgency to get something done, so realistically the market will be looking for an agreement over the next few weeks.
skleb1234 With my own eyes. All jokes aside. I don’t know how bad of a seed she was. We wasn’t letting go. But she wasn’t ready.
skleb1234 Please! Remove this statue.
skleb1234 Trump won't fund the Postal Service or give the states election funding. He wants to kill the election not just mail-in ballots so he can be dictator for life. Just like his buddy Putin. Dems must stand against him & the GOP must go - a registered Republican
skleb1234 Congress has failed the American people once again with their pork spending bills; so much junk that has nothing to do with the virus. It is sad we don’t have term limits.
skleb1234 Trump's only worried about himself... he doesn't care about the people or the economy.
skleb1234
skleb1234 We are so screwed.
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