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HomeStock investingStock market news April 7, 2020

Stock market news April 7, 2020

US stock market news

“Stock lose steam and finish down
After a day of gains, US stocks lost steam into the close and finished the day lower.The Dow finished 0.1%, or 26 points, lower. At its highest point, the index had been up 937 points.
The S&P 500 closed down 0.2%.
The Nasdaq Composite finished 0.3% lower.”

Source: https://edition.cnn.com/business/live-news/dow-stock-market-today-040720/index.html

US stock market at the close, April 7, 2020

S&P 500: 2,659.41,-4.27(-0.16%)
Dow 30: 22,653.86,-26.13(-0.12%)
Nasdaq: 7,887.26,-25.98(-0.33%)
Russell 2000: 1,137.73,-1.05(-0.09%)

Stocks gainers

Sasol Limited (SASOF) stock was among stock gainers with a stock price of
4.0000+1.6000 (+66.67%).

Stocks losers

BioNTech SE (BNTX) stock was among stock losers with a stock price of 45.60-7.13 (-13.52%).

BioNTech SE (BNTX) stock daily chart
BioNTech SE (BNTX) stock daily chart

Stock investing | Stock trading | Most active stocks

Carnival Corporation & Plc (CCL) stock was among the most active stocks with a stock price of 11.30+1.09 (+10.68%).

Carnival Corporation & Plc (CCL) stock daily chart
Carnival Corporation & Plc (CCL) stock daily chart

Stock Market, U.S. Sectors & Industries Performance

Materials were the best performing sector +2.42%, Utilities were the worst-performing sector -1.21%.

U.S. Sectors & Industries Performance April 7, 2020
U.S. Sectors & Industries Performance April 7, 2020

Investing Source: https://eresearch.fidelity.com/eresearch/goto/markets_sectors/landing.jhtml

Economic news today

“The Federal Open Market Committee’s (FOMC) meeting minutes from its scheduled March meeting and emergency meetings will be released Wednesday afternoon. “The minutes of the emergency FOMC meeting in early March, and the mid-March meeting which was held two days earlier than scheduled, may not contain many new insights given how rapidly the economic landscape has been changing over the past couple of weeks,” Capital Economics said in a note April 3.

While the minutes will unlikely reveal many new insights, it will provide more context, according to Nomura. “Given the number of actions taken during March after the 15 March meeting, and the rapidly deteriorating outlook over the month, the minutes may be somewhat stale. However, they may provide more context for how much the Fed is willing to utilize its existing authority or whether any participants suggested seeking an expansion of that authority,” the firm said in a note April 3.”

Source: https://finance.yahoo.com/news/coronavirus-fomc-minutes-what-to-know-in-markets-wednesday-000225727.html

Stock market update

All data about the stock market, stocksstock investingstock trading is taken from Yahoo Finance, Fidelity, and stockcharts.com.


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