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Month: April 2020

Stock market today April 30, 2020

Stock market today closed lower, the jobless claims report came in at worse than expected

The US stock market today closed lower. At the close today all major indexes were down, Dow fell more than 280 points. How the stock market closed today:

S&P 500: 2,912.43,-27.08(-0.92%)
Dow 30: 24,345.72,-288.14(-1.17%)
Nasdaq: 8,889.55,-25.16(-0.28%)
Russell 2000: 1,310.66,-50.10(-3.68%)

More than 3.8 million persons filed for the unemployment benefits, a worse than the forecast figure of 3.5 million.

Stocks today

Stocks that moved today:

Twitter, Inc. (TWTR) stock fell more than 7% today, with a closing stock price
of 28.68-2.41 (-7.75%). Chesapeake Energy Corporation (CHK) stock plunged more than 30%, with a stock price of 17.50-9.35 (-34.82%). Amazon.com, Inc. (AMZN) stock rallied more than 4%, with a stock price of 2,474.00+101.29 (+4.27%). Amazon stock will probably move today after the close with the latest earnings report. Apple Inc. (AAPL) stock moved higher closing at 293.80+6.07 (+2.11%). Again its stock price could move after the close today with the earnings report.

Stock market data: Yahoo Finance


Stock market update for April 30, 2020

Stock market today

At 2:31 PM today, ET time the US stock market is moving lower with all major stock indices having losses, Dow is falling more than 300 points. This is the latest stock market update:

S&P 500: 2,904.79,-34.72(-1.18%)
Dow 30: 24,310.53,-323.33(-1.31%)
Nasdaq: 8,858.48,-56.23(-0.63%)

Russell 2000: 1,315.99,-44.77(-3.29%)
Crude Oil: 17.37,+2.31(+15.34%)
Gold: 1,693.20,-20.20(-1.18%)

Stock market data: Yahoo Finance

Stock market commentary

The stock market today is declining as the latest jobless claims report was worse than expected. 3.8 million persons filed for the unemployment benefits, with the consensus being 3.5 million. Small-cap stocks decline the most after the most outperformance of the Russell 200o index.


Breaking stock market news today, April 30, 2020

Breaking stock market news today

The weekly initial US jobless claims figure came in at 3839 thousand more than the foreact of 3500 thousand. More than 3.8 million persons filed for unemployment.

Other important economic indicators

The personal income figure came in at -2.0%, worse than the consensus of -1.5%. The personal spending figure came in at -7.5%, worse than the consensus of -5%.

Source: https://www.fxstreet.com/economic-calendar


US stock futures for April 30, 2020

Stock futures point to small losses at the open of today’s trading session

At 8:05 AM, today on Thursday, April 30, 2020, Eastern Time (ET) the latest stock futures update is the following:

S&P Futures: 2,928.50,-12.50(-0.43%)
Dow Futures: 24,460.00,-106.00(-0.43%)
Nasdaq Futures: 9,066.50,+30.00(+0.33%)
Russell 2000 Futures: 1,338.10,-20.90(-1.54%)

Stock market update: Yahoo Finance

Economic news

At 8:30 AM, ET time there is the release of the weekly US jobless claims, and the figure may have an effect on the stock market today.


Stocks biggest gainers for April 29, 2020

Stocks biggest gainers for April 29, 2020, US stock market

These are the stocks biggest gainers for the US stock market on Wednesday, April 29, 2020:

Stocks biggest gainers for April 29, 2020, US stock market
Stocks biggest gainers for April 29, 2020, US stock market

Stock market data: Investing.com

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Stocks biggest losers for April 29, 2020

Stocks biggest losers for April 29, 2020, US stock market

These are the stocks biggest losers for the US stock market on Wednesday, April 29, 2020

Stocks biggest losers for April 29, 2020, US stock market
Stocks biggest losers for April 29, 2020, US stock market

Stock market data: Investing.com

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Most active stocks for April 29, 2020

Most active stocks for April 29, 2020, US stock market

These are the most active stocks for the US stock market on Wednesday, April 29, 2020:

Most active stocks for April 29, 2020, US stock market
Most active stocks for April 29, 2020, US stock market

Stock market data: Investing.com

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Stocks at 52-week low for April 29, 2020

Stocks at 52-week low for April 29, 2020, US stock market

These are stocks near a 52-week low, for the US stock market, on Wednesday, April 29, 2020:

Stocks at 52-week low for April 29, 2020, US stock market
Stocks at 52-week low for April 29, 2020, US stock market

Stock market data: Investing.com

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Stocks at 52-week high for April 29, 2020

Stocks at 52-week high for April 29, 2020, US stock market

These are stocks near a 52-week high, for the US stock market, on Wednesday, April 29, 2020:

Stocks at 52-week high for April 29, 2020, US stock market
Stocks at 52-week high for April 29, 2020, US stock market

Stock market data: Investing.com

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Stock market commentary for April 30, 2020

Stock market news

A stock market rally on treatment hopes about coronavirus sent all three major stock indexes closing up with gains more than 2%. Dow gained more than 50o points. The US stock market at close on April 29, 2020:

Dow: 24,633.86 532.31 2.21%
S&P 500: 2,939.51 76.12 2.66%
Nasdaq: 8,914.71 306.98 3.57%

Source: Marketwatch

The stock market ignores the state of the economy, it is not logical

With the recent stock market rally, stocks tend to ignore all the negative economic news that are fundamental for the valuation and prospects of stocks. The US GDP contracted 4.8% for the first quarter of 2020 on an annulaized basis, the unemployed persons ahve surpassed allready 26 million, the Fed warned about decline in the economic activity, companies avoid to make a guidance about the rest of 2020. Still bottom fishing in stocks and the fomo effect are dominant. When greed rules over fear this is not sustainable. Take for example the airline stocks which rallied on April 29, 2020. These stocks have a very uncertain economic outlook for the rest of 2020, and some companies without the support and aid of the US government may have filed for bankruptcy. This does not make sence from a fundamental and valuation analysis. But trading is different than investing.

The stock market ignores for now bad news, this is worrying

What about stocks that have rallied and may soon file for bankruptcy? Same story here. Traders have bought stocks ignoring the fundamentals of stocks.

Stock news

Chesapeake Energy Corporation (CHK) stock daily chart
Chesapeake Energy Corporation (CHK) stock daily chart

Chesapeake Energy Corporation (CHK) stock closed at 26.85-2.33 (-7.98%).

“Exclusive: Chesapeake Energy preparing bankruptcy filing – sources”

Source: https://finance.yahoo.com/news/exclusive-chesapeake-energy-preparing-bankruptcy-020713241.html

Stock market

Daily posts about the US stock market, stock news, stocksstock market news, stock market today, investing.

Trading and Investing

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