Oil made a comeback on Thursday, rising up to 30% to around $25 per barrel. Energy companies were especially hard hit in the first quarter amid an ongoing oil price war, making up seven out of ten of the S&P 500’s worst-performing stocks during that period.The Dow and S&P 500 closed out their worst first-quarter performances in history on Tuesday.
“It is unfortunate how bad these numbers are getting, and no one will be surprised if we see a few more terrible readings over the next few weeks.”“The recent stock market decline and continued volatility has accurately reflected the extreme level of jobless claims we’re seeing in the economy,” says Andrew Smith, chief investment officer for Delos Capital Advisors.
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 Bad news for America
[Update] The stock market rallied after opening lower today, despite a record level of weekly unemployment claims, which offset surging oil prices and added to Wall Street fears about the coronavirus outbreak and its increasingly dire impact on the economy
skleb1234 When the body count starts to roll in so too will the profits. This covid thing has a long way to go and if going to kill the US, literally!
skleb1234 But then surged on a tweet about a cut back of oil production... Oil production trumps record breaking unemployment apparently.
Singapore Singapore Latest News, Singapore Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stocks Slump After Weekly Jobless Claims Surge To 6.6 MillionThe market fell amid a shocking rise in weekly unemployment claims. We’re in deep trouble!
Source: Forbes - 🏆 394. / 53 Read more »
Global Stocks Fall as Treasurys AdvanceTreasury bonds rallied Thursday, while global stocks tracked declines in U.S. shares, as concern grew about the worsening impact of the novel coronavirus on the world economy. SO basically this means another some odd trillion needs to be injected into the market to calm the little investors' worried hearts? Yes, countries of good faith ,must be very united Approximately 7.8 billion people in the world? Yes? Approximately 1 million infected? Yes? That's approximately .012% ? Yes? Slow the roll of panic mode media and we might just accomplish something. clickbait labrats Covid19 stopwiththepanic 🍅 media kooks
Source: WSJ - 🏆 98. / 63 Read more »
Goldman Sachs’ 40 Top High Yield Dividend Stocks For The Coronavirus EconomyAs the coronavirus outbreak continues to take its toll on global markets, many cash-strapped companies are cutting dividends to conserve cash during the crisis by theothersarahh theothersarahh It is a Chinese Virus
Source: Forbes - 🏆 394. / 53 Read more »
Stocks making the biggest moves midday: Dollar Tree, RH, Amarin, Conagra, Noble Energy & moreThese are the stocks posting the largest moves in midday trading. GGevirtz all of us would too if the feds kept pumping us up with money where's it all coming from?
Source: CNBC - 🏆 12. / 72 Read more »
Stocks on Track for Worst Quarter Since 2008U.S. stocks are headed toward their worst quarter since the financial crisis, a stunning blow for the market that few investors could have anticipated at the start of the year. Duh 'We're drowning and you're describing the water'...Thanks AsGoodAsItGets
Source: WSJ - 🏆 98. / 63 Read more »
If stocks are headed higher, these underperformers are worth a look, says JefferiesOn the last day of an unforgettable quarter, better-than-expected factory data from China (even if some are a bit skeptical about that) is not doing much to...
Source: MarketWatch - 🏆 3. / 97 Read more »