Terms of Use Privacy Policy Disclosures Member User Agreement Corrections Cookies. The Dow was up as much as 1.2% and down as much as 0.8% on Thursday. DOW JONES: Dow Jones Industrial. Tech shares were the leading gainers on Wall Street after the S&P 500 earlier in the session fell 10% from its September high. I graduated from the University of St Andrews in 2018, majoring in International Relations and Modern History. Big Tech stocks, which have been the main source of the market’s sell-off in September, recovered somewhat on Friday: Shares of Apple rose more than 3%, while Amazon, Microsoft, Netflix and Facebook were up over 2%. Sep 23, 2020 3:24 PM UTC . Market-Moving News: Marathon Petroleum in Talks with Potential Buyers of Speedway Gas-Station Unit, Sources Say .
Economists polled by FactSet had been expecting claims of 850,000. 11:09 ET - Two-thirds of … Dow 30 Stocks: Disney Soars, Apple Tanks. Market-Moving News . Share . "While jobless claims under a million for four straight weeks could be considered a positive, we’re staring down a pretty stagnant labor market," said Mike Loewengart, managing director of investment strategy at E-Trade. The Labor Department reported Thursday that 870,000 Americans filed for first-time jobless benefits in the week ended Sept. 19, up from a revised 860,000 claims the week earlier. US Oil Production Has Likely Peaked, Dallas Fed Survey Says — Market Talk Provided by Dow Jones. UBS analyst Brennan Hawken upgraded the investment bank to buy from neutral and raised his price target on the stock to $245 from $220. New home sales in the U.S. jumped to a 14-year high, cementing the housing market's recent gains as mortgage rates have held near all-time lows. I cover breaking news, with a focus on money and markets. Another 870,000 Americans filed unemployment claims last week, while the number of continuing jobless claims is still well over 12 million—much higher than levels seen in previous recessions. The upcoming debate in the Senate will “formally eliminate whatever chance may have still existed for pre-election fiscal stimulus,” Adam Crisafulli, founder of Vital Knowledge, wrote in a recent note. Action Alerts PLUS is a registered trademark of TheStreet, Inc. Jobless claims have held at historically high levels.


The Dow Jones Industrial Average finished up 52 points, or 0.2%, to 26,815, the S&P 500 was up 0.3% and the tech-heavy Nasdaq rose 0.37%. Jobless claims have held at historically high levels as the labor market continues to seesaw amid the coronavirus pandemic and its back-and-forth effect on companies' need for workers. Upbeat comments from Federal Reserve Bank of St. Louis President James Bullard gave stocks a boost Thursday. While recent economic data has signaled the start of a recovery from the coronavirus recession, prospects for a quick rebound are quickly dwindling.Ongoing uncertainty over the next round of fiscal stimulus from Congress and an alarming rise in new coronavirus cases in Europe and the U.S. have both threatened to derail the economic recovery. Markets ended the week on a high note, despite a dismal performance so far in September. Impact 50: Investors Seeking Profit — And Pushing For Change, Biden, Democratic Victories Would Be Best Outcome For The Economy, Moody’s Says, Stimulus Update: House Democrats Considering New, Smaller Relief Package, Stocks Finish Higher Even After Another 870,000 Americans File For Unemployment, Dow Falls Over 500 Points As Tech Stocks Drag Market Lower. "This has been a slow roll to recovery and with no signs of additional stimulus from Washington, jobless Americans will likely continue to exist in limbo. Umfasst die 30 größten US-Werte in einem Index, der nach dem US-Unternehmen Dow Jones benannt ist.

Terms of Service apply. The US was producing some 13M barrels of oil daily earlier this year, before the coronavirus pandemic crushed demand and dragged down prices. (rebecca.elliott@wsj.com; @rfelliott). China Regulator Wants to Talk ‘High-Risk’ Firms Into Compliance — Market Talk. Stocks ended modestly higher in choppy trading Thursday amid disappointing jobless numbers and word from Treasury Secretary Steven Mnuchin that he planned to resume fiscal-stimulus talks with House Speaker Nancy Pelosi. May 9, 2017 . The weekly adds just one more detail: the recent consolidation combined with the Dow Jones becoming pressure cooker we now see which is ready to start moving higher! The Dow 30 came under heavy selling pressure on Tuesday, and bulls will be delighted that Apple is no longer so heavily weighted, as it plunged another 4% today. Previously, I wrote about investing for Money Magazine and was an intern at Forbes in 2015 and 2016. Follow me on Twitter @skleb1234 or email me at sklebnikov@forbes.com, © 2020 Forbes Media LLC.


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