... [+]The stock market stumbled on Friday, but ended the week down only 2.6%—despite a slew of worsening economic data, such as record unemployment claims, and ongoing coronavirus volatility continuing to stoke fears on Wall Street.
The Dow Jones industrial average lost 1.7%, nearly 400 points, on Friday, while the S&P 500 fell 1.5% and Nasdaq Composite lost 1.5%. Overall, stocks posted their third weekly decline in the last four weeks: The Dow was down 3.1% for the week, while the S&P and Nasdaq dropped 2.6% and 2.8%, respectively.
The number of global coronavirus cases surpassed 1 million this week—with more than 261,000 cases in the U.S., which has added to anxiety on Wall Street as economic data begins to reflect the financial fallout from the pandemic.to a staggering 6.6 million—the highest level ever recorded. Some 10% of Americans have now filed for first time unemployment in the last two weeks alone, data shows.
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Give it time.
Obvious. After -32% of previous week that anticipated the decline. Market has more than enough adjustment built in. He should be start pricing post recovery values. Not all businesses will suffer equally. Some will even grow.
😐
As empresas não se preocupam com os empregos, elas se preocupam com o lucro e rentabilidade.
talk to me in a month
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