Stocks are higher on Thursday morning, with markets initially taking a hit from disappointing unemployment data but rebounding after banks jumped on news that they will get easier regulations.KEY FACTS
Continuing claims fell below 20 million for the first time since April, but the overall jobless numbers still remain high and the labor market’s recovery could be impeded by a surge of new coronavirus cases across the country.from the Volcker Rule, sending shares of big banks surging.
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skleb1234 Can someone explain why? Everything’s going to sh|t. I get the SM is no longer a barometer of the economy but this is mad - it doesn’t feel like a buying opportunity given the massive uncertainty ahead.
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Asian stocks under pressure after spike in coronavirus casesAsian stocks were expected to come under pressure on Wednesday, as a spike in new coronavirus infections weighed on sentiment, although U.S. assurances that the China trade deal was intact and upbeat economic data provided some reasons for optimism. China is not Asia. It is One China, a different place. Laurie_Garrett It is difficult to understand, but 'the price' of the covid is already assumed in the current price of the shares. Laurie_Garrett January Redub.
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Stocks Take A Pounding As Coronavirus Cases SpikeStock prices plummeted Wednesday, amid fears that a spike in coronavirus cases in parts of the country could force the economy into another lockdown. MAGA What happens we where doing so good?! Oh,... yeah,.. How did TSLA stock do?
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Coronavirus spike is likely pushing stocks into a 10% correction, top strategist Phil Orlando warnsFederated Hermes' Phil Orlando sees the coronavirus infection surge is among the risks creating a more uncertain market environment. TradingNation That’s fine we will be -10% by Monday the way this is going after today. TradingNation 10% would be a best case and a great buying opportunity TradingNation Well this pretty much guarantees a 10% gain over the next few weeks.
Source: CNBC - 🏆 12. / 72 Read more »