Stocks to buy or stocks to sell? Stocks to invest in? Stocks with unusual volume often move either because of news, earnings, or because of expectations. These are stocks with unusual volume for May 29, 2020. All stock prices, stock quotes are at the close.
Sonoma Pharmaceuticals, Inc. (SNOA): 9.70+4.29 (+79.30%)
“Dow Jones Industrial Average falls 17 points The Dow Jones Industrial Average fell 17.53 points, or 0.07%, to 25,383.11. The S&P 500 climbed 0.48% to 3,044.31. The Nasdaq Composite advanced 1.29% to 9,489.87. Stocks closed well off their session lows after President Donald Trump’s much-awaited news conference on China.”
The focus today is on US-China tensions, but there are important economic news.
“U.S. consumer spending dropped by a record in April as the COVID-19 pandemic undercut demand, buttressing expectations that the economy could contract in the second quarter at its steepest pace since the Great Depression.
The Commerce Department said on Friday consumer spending, which accounts for more than two-thirds of U.S. economic activity, plunged 13.6% last month. That was the biggest drop since the government started tracking series in 1959, and followed a 6.9% tumble in March.
Economists polled by Reuters had forecast consumer spending plummeting 12.6% in April.”
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