Thursday morning brought an end to a streak of rising stock market days, as investors seemed perturbed by continued economic impacts from the coronavirus pandemic. First-time claims for unemployment benefits came in at 3.8 million for the most recent week, bringing the total num
The S&P 500 and Dow Jones indexes dipped on Thursday as a grim U.S. jobless claims report took the shine off a strong month for stock markets globally, but encouraging quarterly earnings reports from Facebook and Tesla supported the Nasdaq.
In early trading on Thursday, shares of Tesla topped the list of the day's best performing components of the Nasdaq 100 index, trading up 6.9%. Year to date, Tesla registers a 104.5% gain.
A compilation of the most active stocks on U.S. exchanges. For faster updates on individual market-movers, Eikon users please use search string "STXBZ US" and Thomson One users please search "RT/STXBZ US".
Wall Street's main indexes were set to open lower on Thursday at the end of a strong month for stock markets globally as a grim U.S. jobless claims report overshadowed upbeat results from Facebook and Tesla.
Technology firms were mixed in Thursday's pre-bell trading. The Technology Select Sector SPDR ETF (XLK) was marginally lower, while the Semiconductor Sector Index Fund (SOXX) was down 0.67%
Over the past six weeks, 30.3 million jobs have been lost which is 3.5 times the total number lost during the Great Recession and 18.4% of the civilian labor force as of February 2020.
Over the past six weeks, 30.3 million jobs have been lost which is 3.5 times the total number lost during the Great Recession and 18.4% of the civilian labor force as of February 2020.
A compilation of the most active stocks on U.S. exchanges. For faster updates on individual market-movers, Eikon users please use search string "STXBZ US" and Thomson One users please search "RT/STXBZ US".
Dow and S&P 500 stock index futures dipped on Thursday at the end of a strong month for Wall Street, with investors nervous about another stunning jobless claims figure, while Nasdaq futures were supported by upbeat earnings from Facebook and Tesla.
Twitter Inc on Thursday said its ads sales slightly rebounded in Asia after a plunge due to the coronavirus outbreak and it had accelerated work on tools to attract advertisers, becoming the latest tech company to report a lighter blow from the pandemic than forecast.
Dow and S&P 500 stock index futures dipped on Thursday as nerves kicked in at the end of an overall strong month for stocks with investors awaiting the weekly jobless claims data, while Nasdaq futures rose after upbeat earnings from Facebook and Tesla.
Twitter Inc on Thursday said that its ads sales had slightly rebounded in Asia after a plunge due to the coronavirus outbreak and that it had accelerated work on tools to attract key advertisers, becoming the latest tech company to report a lighter blow from the pandemic than forecast.
India's Reliance Industries has cut the pay of some top oil-and-gas division employees by up to 50%, according to six sources and a letter seen by Reuters, as it battles lower profitability because of the coronavirus epidemic.
European stocks and U.S. stock futures paused on Thursday, after the strong gains on growing optimism over the progress of medical treatments for Covid-19 as central banks try to limit the economic damage.
Silicon Valley billionaires Elon Musk and Mark Zuckerberg offered dueling views on lockdown measures designed to slow the spread of the coronavirus on Wednesday, with Facebook's Zuckerberg endorsing the measures while Tesla's Musk condemned them as anti-democratic.
U.S. stocks surged on Wednesday as hopes for an effective COVID-19 treatment prompted a broad rally and helped investors shrug off bleak GDP data and words of warning from U.S. Federal Reserve Chair Jerome Powell.
Reuters
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