Stock market live updates: Dow drops 300, jobless claims top 30 million, best month since '74?

Stocks opened in the red on the final day of April trading, in what's otherwise been an overall strong month of stocks. The Dow dropped 264 points for a loss of 1%, the S&P 500 shed 0.7%, while the Nasdaq Composite was flat. Jobless claims, which have now topped 30 million over the last six weeks, weighed on markets, as did a plunge in consumer spending and personal incomes in March.U.S. consumer spending dropped 7.

, bringing the total number to more than 30 million in a six-week period. The jump in unemployment claims wiped out the job gains made since the financial crisis as businesses are forced to shut down due to the coronavirus pandemic. "Bottom line … it's like banging your head against the wall and then having a headache," said Peter Boockvar of Bleakley Advisory Group in a note. "We don't need to analyze why you have a headache, only how long it lasts.

Imagine April

I just want to say thank you to Chase for waving my overdraft fees,it means alot because in this difficult times for Families,all dollars Count. Chase My Family and I are grateful and God Y'all Chase . Thank You.

.. I sure cant tell because these people have been out everywhere, just go to target and walmart or even krogers .. all the toilet paper is gone and these fools are still buying up sneakers and Nike clothes and everything else online .. lol

Well yeah, Everything is closed and millions of people are out of work. And those like me who are still working are saving as much as possible in case this whole thing goes tits up.

OPEN THE ECONOMY!!!

This comes as no surprise as another week of record unemployment and the US/Global economies crater.

😷

Well, DUH!! There's no place open to spend it, dodo!

Does this mean that people are saving 5.5% more of their income now? That has to at least be good news for personal finances.

Hope this will end soon and life being back to normal

BULLISH BRO, BAD NEWS = PUMP

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