Stocks rose on Thursday as gains in bank shares and the oil market offset another dismal round of U.S. unemployment data. Here's how the major averages performed: - The Dow gained 377 points. - The S&P 500 rose 1.15%. - The Nasdaq advanced .91%.
closer 0.9% higher at 8,943.72. Both the S&P 500 and Nasdaq were down over 1% to start off the session.
Still, the major averages remained on track for their worst weekly performance since March 20. The S&P 500 and Dow have both lost more than 2.6% this week while the Nasdaq has fallen 1.9%."This market is still in this muddle-through zone where you're trying to understand how difficult will this economic environment be or is there an all-clear coming soon," said Rob Haworth, senior investment strategist at U.S.
The new claims also brought the coronavirus crisis total to nearly 36.5 million over the past two months, by far the biggest loss in U.S. history. A record of 20.5 million jobs were lost in April alone as the coronavirus-induced economic shutdown tore through the economy, sending the unemployment rate skyrocketing to 14.7%.On Wednesday, stocks fell sharply after Federal Reserve Chairman Jerome Powell warned more needs to be done to support the economy amid the coronavirus pandemic.
"From a capital perspective and a leverage perspective, the Fed can grow the existing programs that they have online," Faranello said.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Stock market live updates: Rally off the lows, Dow gains 300, bank stocks lead comeback“There is so much doom and gloom, and this thing is not going to last forever.” Here’s what 4 experts have to say about the coronavirus pandemic and the state of the stock market today.
Lire la suite »
Stocks Fall, Dow Plunges Over 400 Points As Reopening Of The Economy ContinuesThe market opened slightly higher today but later turned negative as Wall Street continues to assess the risks of reopening the economy, with some states lifting coronavirus lockdown orders by skleb1234
Lire la suite »
More than 300 lawmakers urge IMF, World Bank to cancel poor countries' debtOver 300 lawmakers from around the world on Wednesday urged the International Monetary Fund and World Bank to cancel the debt of the poorest countries in response to the coronavirus pandemic, and to boost funding to avert a global economic meltdown.
Lire la suite »
Dow tumbles 500 points after Fed’s Powell says economic path ahead ‘highly uncertain’U.S. stock benchmarks fall sharply Wednesday as Federal Reserve Chairman Jerome Powell offers an uncertain near-term outlook of the economy, with state and...
Lire la suite »
Dow dives 457 points as Fauci cautions against reopening the economy too early - Business InsiderDr. Fauci said on Tuesday that 'consequences could be really serious' if the US economy reopens too soon.
Lire la suite »
What to watch today: Dow to drop after 4.5% three-session losing streakDow futures drop Thursday, one day after blue chips extended their losing streak. Wednesday's drop sent the Nasdaq back into negative territory for the year.
Lire la suite »