The broader market was under pressure amid dismal U.S. economic data, but the losses were capped as shares of Big Tech rose ahead of earnings.
Data from the U.S. government showed gross domestic product plunged by a record 32.9% in the second quarter. The number was not as bad as feared, however, as economists surveyed by Dow Jones had expected a 34.7% decline.
Meanwhile, U.S. weekly jobless claims came in at 1.434 million, roughly in line with estimates. However, continuing claims, or those who have been collecting for at least two weeks, totaled 17.018 million, up from about 16 million last week.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Mike Santoli's market notes: Fed impact, more risk-embracing tone, 2009 vs. 1929New for subscribers: Mike Santoli's market notes: Fed impact, more risk-embracing tone, 2009 vs. 1929 Check out CNBCPro for a free trial.
Weiterlesen »
Kodak soars another 60% after Trump announces deal to manufacture generic drug ingredientsKodak soared on Tuesday after President Donald Trump announced a deal to work with the photography pioneer to produce ingredients in generic drugs.
Weiterlesen »
Cramer says Trump's election delay suggestion 'sows chaos and chaos is bad for the stock market''It sows chaos, and chaos is bad for the stock market,' Jim Cramer said on 'Squawk on the Street.'
Weiterlesen »
Stock market live updates: Stocks rise, Kodak rockets higher, Big Tech hearings and Fed aheadShares of Tesla jumped after Morgan Stanley raised its base case target on the stock to $1,050 and its bull case forecast to $2,500. $TSLA Follow along with the latest stock market updates here:
Weiterlesen »
Big Tech, including Apple and Facebook, report earnings late Thursday, which could mean a crazy market day on FridayFour of the five biggest stocks, worth nearly $5 trillion, all report earnings Thursday afternoon, and that could cause big volatility.
Weiterlesen »
Stocks sink after US, Germany report record economic dropsNEW YORK (AP) — Stocks are falling in early trading on Wall Street Thursday after the U.S. and Germany reported record contractions in their economies in the second quarter as the coronavirus...
Weiterlesen »