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Keyword: stockmarket

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  • Dow futures surge 400 points after jobs report for June shows 4.8 million jobs added, unemployment falls to 11.1%

    07/02/2020 5:56:38 AM PDT · by John W · 76 replies
    marketwatch.com ^ | July 2, 2020 | Mark DeCambre
    U.S. stock-index futures added to gains on Thursday after a closely followed report on the health of the labor market showed that the U.S. added 4.76 million jobs in June and the unemployment fell to 11.1% from 13.3% in May, suggesting that the employment picture is improving after a stunning collapse due to the COVID-19 pandemic. Economists polled by MarketWatch had predicted 3.7 million jobs were created or restored in June, with some estimates ranging as high as 8 million.
  • Big Three CENSOR Stocks after ‘Best Quarter’ in 20-Plus Years, Despite Virus Spike

    07/01/2020 9:35:27 AM PDT · by JV3MRC · 5 replies
    NewsBusters ^ | 7/1/2020 | Joseph Vazquez
    ABC’s, CBS’s and NBC’s evening news shows continue to ignore great market news when it steams past their coronavirus panic and has even the slightest chance of making President Donald Trump’s economy look robust.
  • Dow plunges more than 700 points as Florida sees record jump in coronavirus cases

    06/24/2020 9:43:42 AM PDT · by CincyRichieRich · 61 replies
    CNBC.com ^ | 6-24-20 | Fred Imbert, one other
    Stocks fell sharply on Wednesday as traders grew worried about the increasing number of newly confirmed coronavirus cases, which raised concern about the economic reopening and recovery. The Dow Jones Industrial Average dropped 727 points, or 2.8%. The S&P 500 traded 2.8% lower while the Nasdaq Composite slid 2.6%. The tech-heavy Nasdaq was headed for its first daily decline in nine sessions. The major averages hit their lows of the day after Florida said its confirmed cases jumped by 5,508 on Tuesday, a record, and now total 109,014. The state also said its positivity rate rose to 15.91% from 10.82%....
  • Nasdaq hits fresh record as vaccine hopes rise, trade fears deescalate

    06/23/2020 9:45:01 AM PDT · by SeekAndFind · 11 replies
    Yahoo Finance ^ | 06/23/2020 | Emily McCormick
    Stock extended gains Tuesday morning and the Nasdaq Composite hit a fresh record high as hopes for a coronavirus vaccine rose and U.S.-China trade fears dissipated. French drugmaker Sanofi (SNY, SNYNF) said on Tuesday that it anticipates it will receive approval for its potential Covid-19 vaccine it is creating with GlaxoSmithKline in the first half of 2021, which if successful would then be available in the second half of next year. While there are currently no vaccines to prevent the coronavirus, a host of pharmaceutical companies have entered the race to try and develop medicines to prevent and treat the...
  • Stock-market legend who called 3 financial bubbles says this is the "real McCoy' of bubbles

    06/17/2020 5:32:41 PM PDT · by wrrock · 57 replies
    Jeremy Grantham: ‘My confidence is rising quite rapidly that this is, in fact, becoming the fourth, real McCoy, bubble of my investment career. The great bubbles can go on a long time and inflict a lot of pain but at least I think we know now that we’re in one. And the chutzpah involved in having a bubble at a time of massive economic and financial uncertainty is substantial.’ "A market that may be the most bubblicious he’s seen in his storied career." "Grantham is worth paying attention to due to his prescient calls over the years. He said that...
  • Stocks fall as coronavirus cases jump in some states; New data showed further spikes in Florida, Texas and Arizona

    06/17/2020 2:38:20 PM PDT · by SeekAndFind · 50 replies
    Yahoo Finance ^ | 06/17/2020 | Emily McCormick
    Stocks cut earlier gains, and the S&P 500 and Dow turned negative, after new data showed further spikes in coronavirus cases in some densely populated U.S. states. Texas’s virus hospitalizations jumped 11% in 24 hours, according to the state, marking the largest one-day jump since the beginning of the month. The state has in recent days been battling a resurgence in new and serious cases of the coronavirus after beginning to ease lockdown orders. Other populous states including Florida have struggled with similar trends amid their reopenings, with both it and Arizona posting record daily highs for new cases of...
  • May Retail Sales Jumped 17.7%, Double The Forecast As States Began Coming Out Of Coronavirus Lockdowns

    06/16/2020 8:42:41 AM PDT · by Republican Wildcat · 7 replies
    Daily Caller ^ | June 16, 2020 | Chris White
    Retail sales rebounded in May as states eased coronavirus-induced lockdown measures, allowing retail stores to regain more ground than analysts expected, according to Department of Commerce data. Retail sales jumped 17.7% in May, effectively doubling expectations and marking the biggest single-month gain in records going back more than 20 years, according to a Commerce Department report released Tuesday. A Bloomberg News survey of economists had anticipated 8.4% increase in retail sales in May as COVID-19-related measures melted away following a 14% decline in April. COVID-19 originated in Wuhan, China, in late December before going global, killing a reported 116,000 people...
  • V-Shaped Boom? Retail Sales Skyrocket In May; Update: Markets Soar

    06/16/2020 8:58:04 AM PDT · by SeekAndFind · 21 replies
    Hotair ^ | 06/16/2020 | Ed Morrissey
    V-shaped recovery, here we come? Maaayyybeee, but there is no doubt that today’s advance retail numbers for May show reason for hope. Even while a number of states still enforced lockdowns and restrictions on retail and food service establishments, the Census Bureau announced today that May’s numbers made up all the lost ground in April — and then some.Donald Trump wasted little time taking a victory lap on Twitter over the new numbers: Wow! May retail sales show biggest one-month increase of ALL TIME, up 17.7%. Far bigger than projected. Looks like a BIG DAY FOR THE STOCK MARKET,...
  • Is the Pandemic Over and a V-Shaped Recovery Baked In?

    06/15/2020 7:54:08 AM PDT · by SeekAndFind · 7 replies
    Of Two Minds ^ | 06/15/2020 | Charles Hughes Smith
    So what do we know with any sort of certainty about the claim that "the pandemic is over"? Very little. Is the pandemic over in China, Europe, Japan and the U.S./Canada? Is the much-anticipated V-Shaped economic recovery already baked in, i.e. already gathering momentum? The consensus, as reflected by the stock market (soaring), the corporate media and governmental easings of restrictions seems to be "yes" to both questions. But science is not a consensus-based activity, and so skeptics of consensus are looking to the sciences of epidemiology, virology, etc., and economics for evidence-based answers. But as scientist and author Michael...
  • Stock Market News: US Senate Wants To Delist Chinese Companies, Expert Warns Of ‘Backfire’

    06/13/2020 7:18:08 AM PDT · by SeekAndFind · 26 replies
    International Business Times ^ | 06/12/2020 | Arthur Villasanta
    An attempt by the Senate to prevent China from using American investments in Chinese firms against the United States might prove to be self-defeating in the long run. Already an epicenter of anti-Chinese communist sentiment, the Senate on May 20 overwhelmingly approved the "Holding Foreign Companies Accountable Act (S. 945)," a bill that might lead to Chinese firms being barred from listing on U.S. stock exchanges. The bill will require foreign companies doing business in the U.S. to certify they’re not controlled by their governments. They will also have to submit to audits by U.S. regulators for three consecutive years....
  • 4 reasons the market sold off on Thursday: The Feds and Spikes in Covid-19

    06/12/2020 9:17:54 AM PDT · by SeekAndFind · 8 replies
    Yahoo Finance ^ | 06/12/2020 | Myles Udland
    Stocks got smoked on Thursday. When the bell rang on Wall Street, all three major indexes were down more than 5%. The Dow fell 6.9%, or 1,861 points, while the S&P 500 fell some 5.9%, or 188 points. By day’s end, all of the S&P 500’s gains in the month of June had been wiped out. The reversal in markets — which followed two mixed, but not terrible sessions for the market — was swift and left many asking the age old question: why? To our minds, four distinct stories converged during Thursday’s trading session, each contributing what became an...
  • Dow plummets 1,700 points as investors grow fearful about the economy

    06/11/2020 12:24:46 PM PDT · by MeneMeneTekelUpharsin · 96 replies
    CNN ^ | 11 June 2020 | Charles Riley and Anneken Tappe
    London (CNN Business)The stocks mega-rally hit a roadblock: A somber economic outlook from the US Federal Reserve and the 2 millionth coronavirus case in the United States has investors questioning whether they had boosted the stock market too far, too fast. p.US stocks plummeted in New York, with the Dow (INDU) falling some 1,700 points at its low point. The index was down 1,675 points, or 6.2% with one hour left in the trading day. The S&P 500 (SPX) plummeted 5.5%, and the Nasdaq Composite (COMP) fell 4.8%. The Nasdaq had soared to all-time highs on each of the past...
  • Dow opens more than 800 points lower as U.S. coronavirus cases rise, after Fed’s grim economic outlook

    06/11/2020 7:59:24 AM PDT · by bitt · 40 replies
    marketwatch ^ | 6/11/2020 | Mark DeCambre and Andrea Riquier
    New coronavirus cases still rising in more than 20 U.S. states U.S. stocks swooned Thursday as coronavirus cases continued to rise and investors digested Wednesday’s downbeat economic outlook from the Federal Reserve. The market moves came even as the number of Americans filing for jobless benefits for the first time continued to decline in the most recent week.
  • So long, 33-day bear market — the bull is back and fresh highs are coming soon, says longtime strategist

    06/07/2020 6:45:43 PM PDT · by John W · 29 replies
    marketwatch.com ^ | Shawn Langlois
    “The market has been a ray of sunshine — basically investors being convinced that we’ll get out of this, and the economy will recover along with earnings... The economy may very well be catching up with the stock market rather than the stock market going off on its own.“ That’s Edward Yardeni, president of Yardeni Research, explaining to CNBC why he believes the historic May jobs report will ultimately be a game-changer for Wall Street. In other words, he believes such a massive rebound in the employment number flies in the face of the popular notion that the rally is...
  • S&P 500 erases its loss for the year as stocks rally on reopening optimism

    06/08/2020 4:09:35 PM PDT · by LibWhacker · 30 replies
    CNBC ^ | 6/8/2020 | Free Imbert, Yun Li y
    The stock market rallied once again on Monday, pushing the S&P 500 into the green for the year as the benchmark completed its wild round trip amid the coronavirus pandemic. Investors are growing more and more optimistic about a speedy economic recovery as states continue to reopen. Stocks finished the day at their session highs with the S&P 500 jumping 1.2%, or 38.46 points, to 3,232.39. The equity benchmark turned positive for the year in the final moments of Monday and has now bounced more than 47% off its March low. At one point this year, the S&P 500 was...
  • Is America headed for a post-apocalyptic currency collapse?

    06/05/2020 10:46:10 AM PDT · by Roman_War_Criminal · 37 replies
    fxstreet ^ | 6/3/2020 | Stefan Gleason
    Just when it seemed as though America may be turning the corner after months of lockdown… just when it seemed as though we were on a path to reopening and gradually returning to normalcy… just when the prospects of panic-induced social unrest seemed to be behind us… …America’s cities erupted into flames. Antifa and BLM-organized rioting, looting, violence, and mayhem have pushed cities across the country into pandemonium. Even if the insurrections are soon quelled – as President Donald Trump promised to do in a speech in front of the White House on Monday – the consequences won’t soon go...
  • The good news on the stock market and the parable of the ox; For those who believe in the US economy, your patience is being rewarded

    06/06/2020 6:38:33 AM PDT · by SeekAndFind · 26 replies
    American Thinker ^ | 06/06/2020 | Andrea Widburg
    For those of us who had faith in the economy and Donald Trump, and who therefore stayed in the stock market, it looks as if our loyalty is being rewarded. The stock market is rising, something it did even before the stellar employment numbers came out today. The usual doom-and-gloomers on the left are trying to downplay what’s happening as a short burst of irrational exuberance that reality will quickly temper. The parable of the ox says the naysayers are wrong. The news from the stock market and the labor market shows that the U.S. economy is rapidly rebounding:...
  • CNN doesn't air Trump jobs report remarks; Fox News, ABC, CBS, NBC carry in full

    06/05/2020 10:05:59 AM PDT · by yesthatjallen · 25 replies
    The Hill ^ | 06 05 2020 | Joe Concha
    CNN opted not to air President Trump's remarks on Friday's surprise jobs report showing 2.5 million jobs were added to the economy in May, with MSNBC carrying the comments partially, and Fox News, ABC, NBC and CBS carrying the speech from the Rose Garden in full. The president was in a celebratory mood following the report that the unemployment rate dropped from 14.7 percent in April to 13.3 percent in May. Analysts had expected the report would show unemployment rising to as high as 20 percent, and the new figures suggested an economic rebound could come more quickly. Stocks jumped...
  • Washington Post blasted over inaccurate 'grim milestone' tweet on unemployment rate: ‘It’s not true’ (20%)

    06/05/2020 9:55:58 AM PDT · by knighthawk · 8 replies
    Fox News ^ | June 05 2020 | Brian Flood
    The Washington Post was blasted on social media after it jumped the gun with an inaccurate tweet Friday claiming the May U.S. unemployment rate was close to 20 percent, moments after the actual report indicated the rate unexpectedly had dropped to 13.3 percent. “Grim milestone to be reached as May unemployment rate nears 20 percent,” the Post wrote in a now-deleted tweet to accompany a now-edited story with the same inaccurate headline. May’s 13.3 is significantly down from a record high in April, indicating the nation's economy is recovering faster than expected from the coronavirus lockdown – but it appears...
  • Dow surges nearly 1,000 points after jobs report shows surprise jump in payrolls, fall in unemployment rate

    06/05/2020 10:11:54 AM PDT · by SeekAndFind · 19 replies
    Market Watch ^ | 06/05/2020 | By William Watts and Mark DeCambre
    Stocks rose sharply Friday after the U.S. May jobs report showed a surprise 2.5 million jump in payrolls and a drop in the unemployment rate to 13.3% as businesses began to reopen from the COVID-19 pandemic lockdowns. How are benchmarks performing? The Dow Jones Industrial Average US:DJIA jumped 950 points, or 3.6%, to 27,226, while the S&P 500 US:SPX rose 88 points, or 2.9%, to 3,201. The Nasdaq Composite US:COMP advanced 191 points, or 2%, to 9,807 and was briefly trading above its record closing level of 9,817.18 set on Feb. 19. The Nadaq-100 US:NDX , meanwhile, rose 171 points,...