The S&P 500's average gains since its March low have been much bigger than its losses, data from Instinet shows. It has averaged a gain of 3.6% since March 24, vs. an average loss of 2.1%. Follow along with the latest stock market updates here:
People who lost their jobs wait in line to file for unemployment following an outbreak of the coronavirus disease , at an Arkansas Workforce Center in Fayetteville, Arkansas, April 6, 2020.Stocks rose for a second day even after data showed another 4.4 million Americans filed for jobless claims last week amid coronavirus shutdowns. Still, major equity averages are on track for modest weekly losses due to a steep sell-off earlier this week triggered by an unprecedented oil rout.
the government support for companies during the crisis will probably lead to a permanent change for capitalism . He also said that taxes have to go up regardless of who wins the upcoming presidential election."When the government is called upon to protect you on the downside, they have every right to regulate you on the upside," Cooperman said. — PoundGoldman Sachs has the new highest price target for Amazon on Wall Street
. The bank's analysts hiked their target to $2,900 per share, up from $2,600. The analysts said in a note to clients that the market is not pricing in the increased demand across its major business units. The stock is up 1.9% in early trading. —Stocks rose a tad at the open as investors digested data showing jobless claims totaled 4.4 million last week. The
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