All three benchmarks are heading toward big monthly wins, though
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| | 4/30/2020 | |
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Dow Drops Triple Digits as Economic Data Weighs | By Jake Scott | | The Dow Jones Industrial Average (DJI) is off by triple-digits, last seen down over 250 points as economic data overshadows a busy day of earnings reports. Jobless claims for last week came in at 3.84 million, toppling the 3.5 million estimate and bringing the coronavirus pandemic's toll to 30 million lost jobs. The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are also in the red, as personal income fell 2% in March, while consumer spending dropped 7.5% last month. Nevertheless, as April winds down, all three benchmarks are cruising toward sizable monthly wins. Continue reading for more on today's market, including: - This retailer just turned in its first quarterly loss in nearly 20 years.
- See why Microsoft stock received 10 price-target hikes this morning.
- Plus, LUV options traders target bounce; bull notes galore for ServiceNow stock climbing after earnings; and Chesapeake Energy mulls bankruptcy.
| >> Continue reading... | |
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