The Nasdaq finished at another record on Thursday (Jul 9), but the Dow and S&P 500 retreated as markets weigh the economic toll from the spike in ...
NEW YORK: The Nasdaq finished at another record on Thursday , but the Dow and S&P 500 retreated as markets weigh the economic toll from the spike in coronavirus cases in many US states.
The session continued a trend where the market has rewarded technology companies even as it pummels other sectors, including banks, petroleum producers and airlines. A report Thursday from Goldman Sachs said broad lockdowns in the US may not be needed in light of widening use of face masks, as well as the success of several states to contain the spread of the virus with more limited measures."Nevertheless, large risks clearly remain, and further lockdowns cannot be ruled out," Goldman said.
Although Trump's financial records may remain private until after the November election, the ruling marks another strike against the president as the US contends with massive job losses due to the pandemic.Initial claims for jobless benefits slowed to 1.3 million last week, an exceptionally high number historically speaking, but down 99,000 from the prior week, showing a steady decline as the world's largest economy gradually reopens and workers are recalled to their jobs.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US: Nasdaq posts another record close; Dow sharply lower[NEW YORK] The Nasdaq finished at another record on Thursday, but the Dow and S&P 500 retreated as markets weigh the economic toll from the spike in coronavirus cases in many US states. Read more at The Business Times.
Read more »
Nasdaq posts another record close; Dow sharply lowerNEW YORK (AFP) - The Nasdaq finished at another record on Thursday (July 9), but the Dow and S&P 500 retreated as markets weigh the economic toll from the spike in coronavirus cases in many US states.. Read more at straitstimes.com.
Read more »
Nasdaq ends at record high as US stocks finish solidly upNEW YORK (AFP) - The Nasdaq finished at another record on Wednesday (July 8) behind gains of large tech companies as investors continued to shrug off higher coronavirus cases and the hit to the economy.. Read more at straitstimes.com.
Read more »
S&P, Dow futures dip ahead of jobless claims reportREUTERS: Futures tracking the S&P 500 and Dow indexes edged lower on Thursday ahead of the closely watched weekly jobless claims report, with ...
Read more »
Nasdaq posts another record close; Dow sharply lowerNEW YORK (AFP) - The Nasdaq finished at another record on Thursday (July 9), but the Dow and S&P 500 retreated as markets weigh the economic toll from the spike in coronavirus cases in many US states.. Read more at straitstimes.com.
Read more »
US: Nasdaq posts another record close; Dow sharply lower[NEW YORK] The Nasdaq finished at another record on Thursday, but the Dow and S&P 500 retreated as markets weigh the economic toll from the spike in coronavirus cases in many US states. Read more at The Business Times.
Read more »