Meanwhile, weekly jobless claims jumped 5,000 to 245,000, slightly ahead of economist estimates of about 240,000. And the Philadelphia Fed Factory index reported another contraction in April, representing the eighth consecutive month of declines in manufacturing activity.
Finally, the Conference Board's Leading Economic Indicators index showed a continued slide to levels last seen in November 2020, when the economy was still recovering from the COVID-19 pandemic. "Historically, an economic contraction has closely followed a decline in the LEI of this magnitude. A recession is all but certain, so the more important question is if markets will hit new lows as the economy contracts. We think not," LPL's chief economist Jeffrey Roach told Insider.
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Stock market news today: Weak Tesla earnings and jump in jobless claimsUS stocks fall after jump in jobless claims and weak corporate earnings results Stock falls when there is better employment numbers. Saying that fed will raise interest, now opposite again stock is down. Tell me how to time the market slashviolence parece tu! Kkkk
Source: BusinessInsider - 🏆 729. / 51 Read more »