“There is so much doom and gloom, and this thing is not going to last forever.” Here’s what 4 experts have to say about the coronavirus pandemic and the state of the stock market today.
U.S. stocks rebounded from a 450 point drop earlier on Thursday. Shares of bank stocks rose, offsetting another gloomy jobless claims report from the Labor Department. Another 3 million Americans hoping for unemployment benefits added to investor worries about the uncertain path ahead for the global economy.3:20 pm: Connecticut's jobless claims number was misreported by roughly tenfold
With roughly one hour left in the trading session, the Dow was headed for its first gain in four days as oil prices and bank stocks climbed. The 30-stock average traded about 60 points higher, or 0.4%. Still, the Dow remained down about 4% for the week, which would be its worst weekly performance since late March.blog post
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