Enhanced unemployment benefits could push jobless Americans off safety net programs like Medicaid, food stamps and welfare, or reduce their financial aid. Source link
Stock futures point to little changed Wall Street open ahead of Trump’s U.S.-China news conference
A Chinese and U.S. flag at a booth during the first China International Import Expo in Shanghai, November 6, 2018. Johannes Eisele | AFP | Getty Images Stock futures slipped early Friday morning as traders braced for an upcoming news conference on U.S.-China relations from President Donald Trump. Dow Jones Industrial Average futures dipped 127 […]
Tech stocks should thrive despite rotation into value: John Stoltzfus
A major market shift is forming as the economy begins to reopen: Value stocks are gaining popularity over growth names, including technology. But according to Oppenheimer Asset Management’s John Stoltzfus, that doesn’t mean the winners will automatically become losers. The market bull sees technology as a vital part of the economic fight to function amid […]
Dow futures rise as Wall Street looks set to continue Tuesday rally
U.S. stock futures recovered from an earlier dip in overnight trading and pointed to continued gains at the open on Wednesday. Optimism about the reopening of the economy and a possible coronavirus vaccine continued, despite concerns about U.S.-China tensions. Recent hopes for a return to normal consumer habits has pushed the Dow Jones Industrial Average […]
Dow futures surge 500 points on hopes of a coronavirus vaccine
The New York Stock Exchange (NYSE) stands in lower Manhattan on May 18, 2020 in New York City. Markets surged today as promising details of a potential COVID-19 vaccine were released and more European countries gradually re-opened after months of lockdown. Spencer Platt | Getty Images Stock futures traded higher early Tuesday morning to begin […]
Best week in a month, small caps surge, recovery looking ‘V-shaped
New York, USA – May 8, 2018: Wall Street sign near New York Stock Exchange with flags of the United States. ymgerman | iStock Editorial | Getty Images The Dow moved lower on Friday as investors wrapped up a volatile week of trading. Equities were under pressure amid rising tensions between China and the U.S., […]
Uber, Lyft drivers fear unemployment benefits will be used against them
A driver and passenger wearing protective masks exit the ride sharing pickup area in a car displaying Uber Technologies signage at San Francisco International Airport in San Francisco, California, U.S., on Monday, May 4, 2020. Photographer: David Paul Morris/Bloomberg via Getty Images Bloomberg Leonardo Diaz is in a tough spot. Diaz, a driver for Uber […]
Best week for Dow since April
Dow Jones Industrial Average falls 8 points Best week for Dow since April For the week, the Dow surged 3.29% to post its best weekly performance since April 9. The S&P 500 and Nasdaq also had strong gains this week. Wall Street got a boost this week from optimism around a potential coronavirus vaccine and […]
Dow futures fall as Wall Street struggles to recover from Thursday’s losses
U.S. stock futures fell early Friday morning after a decline in some major tech stocks, along with dismal employment data and rising tensions with China, pushed the market lower during regular trading. Dow Jones Industrial Average futures declined 150 points, implying a Friday opening drop of about 189 points. S&P 500 and Nasdaq 100 futures […]
Wall Street mounts reopening bets
Dow Jones Industrial Average rises 369 points More states reopening Connecticut began allowing consumers to dine in at restaurants with outdoor seating on Wednesday, and some shops also began reopening. That move came a day after New York Gov. Andrew Cuomo said the outbreak is back down to where it started. “The next three to six weeks […]