The market had a mixed open on Thursday, as stocks got a boost from lower-than-expected jobless claims but investors also watched for updates on the next round of coronavirus stimulus from U.S. lawmakers.Angela Weiss/AFP via Getty ImagesThe Dow Jones Industrial Average was up 0.2%, over 50 points, on Thursday morning, while the S&P 500 rose 0.1% and the tech-heavy Nasdaq Composite gained 0.2%.
Stock market futures pared back earlier losses and briefly turned positive after better-than-expected unemployment data: The Labor Department said that nearly 1.2 million AmericansNot only did that beat Wall Street estimates of 1.4 million, but it’s also the lowest levels of weekly jobless claims since the coronavirus pandemic began.
The jobs data comes as investors closely watch for progress on a new coronavirus stimulus bill, but Congress remains deadlocked over key issues like extending federal unemployment benefits, which expired last week.CNBC on Thursday that despite stalled negotiations, he expects an agreement on the next round of coronavirus relief to be reached “in the near future.”Rocket Companies, the parent company of Quicken Loans, is set to make its public market debut on Thursday.
skleb1234 An American dies from COVID every 80 seconds.
skleb1234 Stock market goes up Pensions goes down Go figure.
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:
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 Open Flat Despite Better-Than-Expected Jobless ClaimsI am a New York—based reporter for Forbes covering breaking news, with a focus on financial topics. Previously, I wrote about investing for Money Magazine and was an intern at Forbes in 2015 and 2016. I graduated from the University of St Andrews in 2018, majoring in International Relations and Modern History. Follow me on Twitter skleb1234 or email me at sklebnikovforbes.com The idea that 1.1 million jobless claim is good news is preposterous
Source: Forbes - 🏆 394. / 53 Read more »
European stocks set to inch higher amid major earnings, uncertainty over U.S. relief billEuropean stocks are poised for a cautious open Wednesday as investors digest another round of major corporate earnings reports, while uncertainty abounds over progress on a new U.S. coronavirus relief bill. Jay Powell and money printer go BRRRR!!!!
Source: CNBC - 🏆 12. / 72 Read more »
Stocks tick higher on Wall Street, but Treasury yields sinkU.S. stock indexes drifted higher Tuesday as Wall Street’s big rally eased off the accelerator.
Source: latimes - 🏆 11. / 82 Read more »
Top Stocks To Buy Today Amid Soaring US-China TensionsTensions between the U.S. and China continued to aggravate as the latter poured accusations of bullying over the forced sale of TikTok’s U.S. business. Only time will tell whether there will be spillover damage to the recent trade deals. Our deep learning and AI have selected the Top Buys for today. Yo where's Chinese Tesla slattbir
Source: Forbes - 🏆 394. / 53 Read more »
Top Stocks To Short Today As Markets Retreat Following Monday’s RallyThe rally yesterday in Microsoft and Apple lifted all boats, but it will remain to be seen if the market has become too extended. Our deep learning algorithms paired with AI has identified several Top Shorts today if you are looking to hedge out some winners.
Source: Forbes - 🏆 394. / 53 Read more »
Stocks making the biggest moves after hours: Nikola, Twilio, Novavax and moreSee which stocks are posting big moves after the bell. Down, down, and down. Lol Nikola 😂😂😂😂 what a joke Those are all sucker plays... lol
Source: CNBC - 🏆 12. / 72 Read more »