Dow, S&P Log Best Month Since 1987

June-dated crude rose 25% for the day

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MARKET RECAP     4/30/2020
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Dow, S&P Log Best Month Since 1987 By Laura McCandless Share On The Dow extended its midday losses, closing down over 280 points, as dismal economic data weighed. The 3.8 million rise in jobless claims alongside a drop in consumer spending landed all three major indexes in the red, despite a rise in tech following a strong earnings session. Renewed unease over a potential trade-war also settled in after The Washington Post reported the Trump Administration is considering retaliations against China for failing to relay the severity of the coronavirus outbreak. Nevertheless, the S&P 500 and Dow both finished April with their best monthly performance since 1987 and best April since 1938. All three marked their first monthly gain for 2020. Continue reading for more on today's market, including: The apparel name eyeing a monthly win. Comcast fears this quarter's revenue miss won't be its last. Plus, the electric vehicle manufacturer skyrocketing this past year; this blue chip's revenue and earnings beat; and the luxury fashion parent planning its reopening.  >> Continue reading...
LATEST HEADLINES
>> McDonald's Stock Lower After Rare Earnings Whiff Call trading on MCD has ramped up today >> Comcast Stock Dips on Revenue Miss, Q2 Warning CMCSA reported lower-than-anticipated revenue, though its earnings exceeded expectations >> Analyst Predicts More Upside for LULU B. Riley FBR lifted its price target on LULU to $257 from $210 >> Dow Drops Triple Digits as Economic Data Weighs All three benchmarks are heading toward big monthly wins, though >> Tesla Stock Gaps Higher After Earnings, Revenue Beat Tesla's first-quarter earnings and revenue report beat out analysts' estimates Sponsored A New Trend Creating Thousands of New Millionaires Barron's estimates up to 200,000 new millionaires so far...see why this could be destroying the financial future for many others. See the trend now!
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