Markets

US stocks climb as economic reopening hope offsets dismal jobs report

US stocks rose Wednesday amid continued efforts by the US government to reopen the economy. Investors looked past a dismal report from ADP showing US companies lost 20.2 million jobs in April. The government April jobs report is due Friday. General Motors exceeded profit forecasts in its quarterly earnings report. […]
US stocks climb as economic reopening hope offsets dismal jobs report
Markets

Dow, S&P 500 post best month since 1987

US stocks slipped on Thursday after data showed that another 3.8 million Americans filed for unemployment last week. Still, both the Dow Jones industrial average and S&P 500 completed their best months since 1987. Shares of Tesla and Facebook surged in early trading after the companies reported earnings. Tesla later […]
Dow, S&P 500 post best month since 1987
Markets

Dow falls 340 points as post-coronavirus unemployment filings exceed 30 million

US stocks slipped Thursday after jobless claims data showed another 3.8 million Americans filed for unemployment last week. Shares of Tesla and Facebook surged after reporting earnings. Today, blue-chip companies including Amazon,Apple,Gilead Sciences, Visa, and United will report earnings after market close. Oil prices gained on early signals of a […]
Dow falls 340 points as post-coronavirus unemployment filings exceed 30 million
Markets

If the US is slowing down, Europe is headed for ‘an abrupt stop’

The ECB’s Mario Draghi signalled any rate rises might be delayed after saying he sees “persistent deterioration of external demand,” in the economy. “There is probably a little more ECB dovishness to be priced in yet,” says Neil Wilson at Markets.com The Euro Stoxx 50, France’s CAC and the Dax […]
If the US is slowing down, Europe is headed for ‘an abrupt stop’