stock market news today

25 Jun: Stock market news today June 25, 2020

Stock market news today

Two major news move the stock market today:

  1. Texas halts reopening process due to rising cornonavirus infections
  2. Initial weekly jobless claims came in at worse than expected, showing weakness for the labor market

“Stocks wavered between gains and losses Thursday after Texas said it was pausing its reopening process due to a renewed surge in Covid-19 infections in the state. Investors also monitored incoming economic data, with a new report showing stubbornly high levels of new unemployment claims.

New unemployment claims came in at 1.48 million for the week ending June 20, marking the fourteenth straight week that claims held above one million. Consensus economists had expected new claims to total 1.32 million. Since mid-March, new jobless claims totaled more than 47 million.

“Jobless claims are not falling fast enough. Everything we have seen in the last week or two between rising case counts/hospitalizations, stalling economic progress in some important states, government job cuts, means one thing: the Phase 4 of fiscal stimulus must be bigger,” Neil Dutta, head of economics at Renaissance Macro Research, said in an email. “Things should be better in 3-4 weeks, but the news will get worse before it gets better.”

Source: Yahoo Finance

An economic slowdown is a bad news for the stock market

“With the pandemic still ongoing, the International Monetary Fund on Wednesday slashed its outlook for 2020 global growth to a record low estimate of -4.9%, down from its April estimate of -3%. US global growth is expected to fall by 8.0% in 2020, down from a previous forecast of -5.9%, before rising by 4.5% in 2021.”

If these projections come true, then this is not good news for the stock market and stocks. Defensive stocks and sectors such as Consumer Defensive, Healthcare, and Utilities may see a rotation in capital invested.

28 May: Stock market news today May 28, 2020

Stock market news

These are the latest economic news today, which may move the stock market for the trading session.

“S data came in mixed, as Durable Goods Orders fell by a new record of 17.2%, although better than the -19% forecast. The economic contraction in the country was revised lower to -5.0% for the first quarter of the year, according to the second estimate of the GDP. Finally, 2.12 million people filed for unemployment support in the week ended May 22, worse than anticipated.”

Source: https://www.fxstreet.com/

Stock market today

The US stock market at 10:12 AM, ET time today is trending higher.

S&P 500: 3,048.70,+12.57(+0.41%)
Dow 30: 25,661.88,+113.61(+0.44%)
Nasdaq: 9,439.87,+27.51(+0.29%)
Russell 2000: 1,436.69,+0.33(+0.02%)

Source: Yahoo Finance

10 Feb: Stock market news today February 10 2020

Stock market news

Latest stock market news for February 10, 2020:

Stock market news today

As of 4:36 AM EST time, February 10, 2020 US stock stock market futures point to a flat open today. The economic claendar is very light today, so there are no major US stock market news to be released. Latest coronavirus news may have an impact on the stock market today, but we may see a stock market trading session with low volatility.

07 Feb: Stock market update February 7 2020

Stock market update

Stock market data as of 2:00 PM EST Time, February 7, 2020:

S&P 500: 3,328.92,-16.86(-0.50%)
Dow 30: 29,116.33,-263.44(-0.90%)
Nasdaq: 9,523.46,-48.70(-0.51%)
Russell 2000: 1,661.48, -15.97(-0.95%)

Stock market live

A strong jobs data is not enough today to send the US stock market higher, all majot stock market indexes have losses as of 2:00 PM EST time.

Why is the stock market down today

It could be profit taking after the last record highs. Among most active stocks is Uber Technologies, Inc. (UBER), trading at 40.15+3.06 (+8.25%).

07 Feb: Stock market news today February 7 2020

Stock market and finance news

Latest stock market news, business and finance news today, February 7,2020:

After monetary stimulus last month, China just announced major February tariff cuts in a big improvement to the stock market outlook for 2020.

Source: CCN.com

“The U.S. labor market went from strength-to-strength in January, beginning 2020 by adding 225,000 jobs — but the unemployment rate ticked up to 3.6% (still a 50-year low) as more workers entered the labor pool, which drove up the participation rate to 63.4%. The blowout number was far above Wall Street’s consensus, and was presaged by Wednesday’s ADP private payrolls report.

Stock futures remain in the red, but pare some losses on the news, as coronavirus fears continue to weigh.”, Source: Yahoo Finance