Stock market today, May 7, 2020

Stock market today

The US stock market closed higher today, ignoring another “grim jobless claims report”.

“The U.S. Labor Department’s weekly jobless claims report showed another 3.169 million individuals filed new unemployment claims for the week ended May 2. Meanwhile, a record 22.647 million continuing jobless claims were filed for the prior week ended April 25. This brought total new jobless claims recorded since the week ended March 20 to more than 33 million.

New reports have continued to shatter records when it comes to measuring the impact of the coronavirus on the domestic economy, and especially the labor market. U.S. employers cut a record more than 20 million private payrolls in April, ADP reported Wednesday.”

Source: Yahoo Finance

At the close today this is the latest stock market update:

S&P 500: 2,881.19,+32.77(+1.15%)
Dow 30: 23,875.89,+211.25(+0.89%)
Nasdaq: 8,979.66,+125.27(+1.41%)
Russell 2000: 1,282.93,+19.92(+1.58%)

Stocks today

Some of the trending stocks today were the following, all stock quotes, stock prices as of the close:

Twilio Inc. (TWLO) with a stock price of 170.89+48.49 (+39.62%), Fastly, Inc. (FSLY) stock at 33.58+10.53 (+45.68%) and Lyft, Inc. (LYFT) with a stock price of 31.78+5.66 (+21.67%).

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