The US stock market had gains today, and all major stock indexes closed higher. Dow gained more than 400 points. Earlier the release of new jobless claims reaching 6 million, did not influence negatively the stock market. The oil prices rallied today by more than 20%. At close today this is the latest stock market update:
“New jobless claims doubled to a 6.648 million for the week ended March 28 as an increasing number of businesses shut down operations amid the coronavirus and put employees out of work. The record level of new jobless claims underscored the unprecedented impact the outbreak has had on the domestic economy, jolting the labor market with swift devastation rather than building to a peak as in prior downturns.”
All stock quotes are at the close. Luckin Coffee Inc. (LK) stock was a trending stock today, with a stock price of 6.40-19.80 (-75.57%).
Occidental Petroleum Corporation (OXY) stock was among stock gainers today with a stock price of 12.76+2.02 (+18.76%). Grubhub Inc. (GRUB) stock was among stock losers today with a stock price of 34.81-4.77 (-12.05%).
A selloff was dominant today during the trading session, all major stock indexes fell more than 4%. Dow fell more than 900 points, the Russell 2000 index had the biggest losses of more than 7.0%. The latest update for the stock market today at close:
Stocks that moved today, all stock quotes at close:
Mapfre, S.A. (MPFRF) stock was among stock gainers with a stock price of 1.7146+0.3846 (+28.92%). Carnival Corporation & Plc (CCL) stock was among stock losers with a stock price of 8.80-4.37 (-33.18%). Bank of America Corporation (BAC) stock was among most active stocks with a stock price of 19.80-1.43 (-6.74%).
10-Yr Bond yield: 0.6350,-0.0630(-9.03%) Vix index: 56.50,+2.96(+5.53%)
The stock market selloff today is most probably caused by “The Trump administration warned that the coronavirus death toll in the U.S. could climb to 240,000.”. Also a warning about “very painful two weeks”, which has had its impact on risk-off in investing, stock trading.
Stocks that moved today, all stock quotes are at the close:
Advanced Micro Devices, Inc. (AMD) stock was among the most active stocks today with a stock price of 45.48-2.38 (-4.97%). Hess Midstream LP (HESM) stock was among stock gainers today with a stock price of 10.16+1.94 (+23.60%). New Residential Investment Corp. (NRZ) stock was among stock gainers today with a stock price of 5.01-0.96 (-16.08%).
The US stock market closed higher with more than 3% gains for Dow, Nasdaq and S&P 500. Small-cap stocks were a laggard today, as Russell 200 index rose about 1.5%, still a stock market rally for small-cap stocks.
10-Yr Bond yield: 0.6700,-0.0790(-10.55%) Vix index: 57.14,-8.40(-12.82%)
Ford Motor Company (F) stock was among the most active stocks closing at 5.03-0.16 (-2.99%). DCP Midstream, LP (DCP-PC) stock was among stock gainers with a stock price at the close of 10.51+2.00 (+23.50%. Raia Drogasil S.A. (RADLY) stock was among stock losers with a stock price at the close of 14.91-2.49 (-14.31%).
The US stock market weekly performance for the week ending on Friday, March 27, 2020, is:
Dow Jones Industrial Average (DJIA): Daily close at 21636.78 -915.39 -4.06%, 5-day change +12.84%
NASDAQ Composite Index (COMP): Daily close at 7502.38 -295.16 -3.79%, 5-day change: +9.05%
S&P 500 Index (SPX): Daily close at 2541.47 -88.60 -3.37%, 5-day change +10.26%
Russell 2000 Index (RUT): Daily close at 1131.99 -48.33 -4.09%, 5-day change +11.65%
Major stock indexes
All major stock indexes closed higher, Dow Jones Industrial Average had the biggest gains +12.84%. The stock market bounced off its lows this week, even with a significant decline on Friday, March 27, 2020.
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