Economy - Finance > Nasdaq

Stocks shoot upward as ‘Phase Three stimulus passes Senate and unemployment skyrockets

9 days ago   |   By Tech Crunch

Stocks soared on Thursday even as the US reported its worst unemployment numbers in fifty years of tracking data.
The pain felt on Main Street is offset for investors by the Federal government opening its wallet to Wall Street, businesses and workers in the form of the $2 trillion stimulus package designed as a response to business closures as a result of the COVID-19 epidemic.
Details of the plan and its implications for startup companies are still being assessed, but the spigot is now on for businesses large and small to avail themselves of low interest stimulus loans and financing that...
Read more ...

 

How major US stock indexes fared Thursday

9 days ago   |   By Chron

Stocks soared again Thursday as a massive coronavirus relief bill gets closer to passing Congress. Major indexes jumped more than 6%, bringing the S&P 500 up 17% since Monday. The astonishing rally came even as the massive scale of the downturn slamming the economy becomes more apparent. Nearly 3.3 million Americans applied for unemployment benefits last week, shattering the record set in 1982. The S&P 500 remains 22% below its February high and analysts expect more dire economic headlines in the days ahead. The rescue bill cleared the Senate late Wednesday and is headed for a House vote...
Read more ...

 


Search by Tags

   Nasdaq      Tech      Marketing      Market      Industry      Finance      Companies      Dow Jones      Business      Company      Government      Data      Financing      Industries      TC      Alphabet      Amazon      Apple      Citigroup      Dow Jones Industrial Average      Facebook      Federal government      Google      Manhattan      United States      Wall street      Economy      Housing      House      Index  


The Coronavirus Economy: How my job as a cosmetic dermatologist has changed

The Coronavirus Economy: How my job as a cosmetic dermatologist has changed

Subscribe to Fortune' s Outbreak newsletter for a daily roundup of stories on the coronavirus and its impact on global business. As one of the most in-demand cosmetic... Read more ...

These 7 charts show how brutal the March jobs report was, and signal further...

These 7 charts show how brutal the March jobs report was, and signal further economic pain ahead

The March jobs report surprised economists as it showed that the US economy lost 701,000 jobs last month compared to the 100,000 expected . The report also didn't include the... Read more ...

Schedule for Week of April 5, 2020

Schedule for Week of April 5, 2020

The key report this week is the March CPI. The FOMC minutes on Wednesday might be interesting. --- Monday, Apr 6th --- No major economic releases scheduled. --- Tuesday, Apr... Read more ...

Wall Street's new disaster playbook; top restructuring lawyers

Wall Street's new disaster playbook; top restructuring lawyers

Welcome to Wall Street Insider, where we take you behind the scenes of the finance team's biggest scoops and deep dives from the past week. If you aren't yet a subscriber to... Read more ...

Coronavirus Reset: How To Get Health Insurance Now

Coronavirus Reset: How To Get Health Insurance Now

Many of the millions of Americans who lost their jobs in recent weeks also lost their health insurance. Others lacked a health plan even before COVID-19 hit. Here's a start to... Read more ...

The Best Penny Stocks to Watch in April

The Best Penny Stocks to Watch in April

Dear Penny Stock Millionaire, The global economy is radically shifting due to the COVID-19 pandemic. Entire countries are on lockdown or shelter-in-place orders. Very few... Read more ...

Google Ads Announces $340M in Ad Credits for Small and Medium-sized Business

Google Ads Announces $340M in Ad Credits for Small and Medium-sized Business

On March 27, Google announced that it would give ad credits to small and medium-sized businesses to help alleviate the impact of the coronavirus outbreak on communities and... Read more ...

Tech leaders highlight military AI and 5G investments they call essential to...

Tech leaders highlight military AI and 5G investments they call essential to U.S economy and national security

Executives from companies like Amazon and Microsoft are suggesting Congress and the president prioritize funding for certain 5G and AI projects. Read more ...

Dow slides 361 points after the US economy loses far more jobs than expected...

Dow slides 361 points after the US economy loses far more jobs than expected in March

US stocks fell Friday after the March jobs report disappointed by a wider margin than expected, ending a record 113-month streak of job growth. The declines reversed gains from... Read more ...

The 9 top biotech stocks to buy now to get through the coronavirus crisis...

The 9 top biotech stocks to buy now to get through the coronavirus crisis, according to JPMorgan

In an April 3 research note, JPMorgan identified nine biotechnology companies they see as the best investment ideas for 2020. In past recessions, in 2001 and 2008-2009, the... Read more ...