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The Dow Jones stumbled on Thursday after another dire jobless claims report. Speculative trading is dominating retail investment platforms, while seasoned stock market investors sit on the sidelines. The Federal Reserve may discuss negative rates this month. The Dow Jones went nowhere on Thursday after another miserable jobless claims report snapped the U.S.
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Weekly jobless claims declined to 1.877 million on Thursday, while continuing claims jumped to 21.5 million. Jim Bianco says the narrative stock market bulls have been using to explain away ugly labor market data doesn’t hold up anymore. He says these new job losses aren’t temporary layoffs – they’re going to stick. For
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Dow Jones Industrial Average (DJIA) futures fell 136 points overnight after back-to-back gains. Wall Street analyst who nailed the March bottom sees another 9% upside in the stock market as momentum continues. Traders await a fresh round of jobless claims data, expected to come in at 1.8 million this week. The stock market
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The Dow Jones recorded another banner day, rallying close to 500 points on Wednesday. China, Europe, and the United States are all showing evidence of a V-shaped recovery. Dow giant Boeing was a significant boost to the U.S. stock market with an incredible 12% rally. Wednesday brought a third straight day of gains
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The Dow Jones recovery has been nothing short of extraordinary. Even a mountain of bearish fundamentals has failed to slow the stock market’s ascent. Behind the scenes, one big bullish development is taking place as the King Dollar starts to creak. The Dow Jones continues to trade higher, even as a mountain of
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Dow Jones Industrial Average (DJIA) stock market futures pushed higher on Wednesday. The Nasdaq is just inches away from reclaiming its all-time high in the backdrop of a global crisis. Traders are now getting ‘greedy’ according to the CNN fear and greed index – a notorious warning sign for a frothy market. Stocks
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Dow Jones Industrial Average (DJIA) futures turned positive on Tuesday, erasing overnight losses. Contrary to yesterday’s bombshell threat, Chinese firms continued to purchase US agriculture products as normal. China appears to have walked back its threat to halt US soybean purchases and hold up its end of the phase one trade deal,
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CNBC’s 2020 Global CFO Survey reveals an extremely bearish outlook on the U.S. stock market, with more than half of respondents calling for the Dow to return below 19,000. The CFO outlook contradicts new forecasts from Goldman Sachs and Bank of America, whose models predict higher stock valuations. Stocks are coming off
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Dow Jones Industrial Average (DJIA) futures plunged 100 points on Monday morning. China aggravated tensions by some halting US agricultural imports, threatening trade deal. The White House turned off all external lights in a historic moment last night amid growing protests in the capital. U.S. stock futures whipsawed overnight, turning sharply lower in
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The Dow Jones rallied back from losses of more than 300 points. Donald Trump’s rhetoric is growing hawkish on China, but a closely-watched press conference proved to be a nothingburger The Dow closed flat, while the S&P 500 and Nasdaq recovered into the green. The Dow Jones closed slightly
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