NEW YORK: Wall Street stocks finished little changed on Thursday (Jun 18) as investors weighed data showing stubbornly high jobless claims against ...
NEW YORK: Wall Street stocks finished little changed on Thursday as investors weighed data showing stubbornly high jobless claims against optimism over the impact of monetary stimulus.Advertisement
Art Hogan, chief market strategist at National Securities, described the market as being"in a bit of a stalemate" with worrisome economic and coronavirus trends offset by reassuring support from the Federal Reserve and hopes for coronavirus treatments. Oxford Economics warned that the data shows"significant stress remains in the labor market," while FHN's Chris Low said the figures"suggest claims are levelling off at a level never seen before the Lockdown Recession."Rising COVID-19 case counts in several states have been adding to the market unease.
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