The Dow jumped 300 points today after bank regulators eased the Volcker Rule by skleb1234
The stock market took a hit from disappointing unemployment data and a rising number of coronavirus cases Thursday morning, but rebounded after U.S. regulators said they would ease post-financial crisis restrictions on big banks.KEY FACTS
The Dow Jones Industrial Average was up 1.2%, nearly 300 points, on Thursday, while the S&P 500 and Nasdaq Composite both gained 1.1%.Americans filed for unemployment in the week ending June 20, more than the 1.3 million expected. Continuing claims fell below 20 million for the first time since April, but the overall jobless numbers still remain high—and the labor market’s recovery could be impeded by a resurgence of coronavirus across the country.
Medical experts are increasingly worried that new coronavirus cases in the United States, which hit their since April, could hinder an economic reopening and recovery: States like Texas, Florida, California and Arizona are all reporting record numbers of new infections., including the Volcker Rule, sending shares of major banks surging., while Goldman Sachs and Wells Fargo traded around 4% higher.“Jobless numbers are flatlining after weeks of improvement,” says Vital Knowledge founder Adam Crisafulli. It was the third consecutive week of job losses coming in at around 1.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Dow drops 600 points as virus cases surge, IMF cuts global outlookStocks fell Wednesday on worries over the prospects of a quick economic recovery after the IMF projected the global recession will be worse than initially expected.
Read more »
Dow Plunges 500 Points As Investors Worry About A Resurgence Of CoronavirusThe stock market opened lower today as investors worry about a resurgence of the coronavirus by skleb1234
Read more »
Dow Falls Over 200 Points As Investors Worry About A Resurgence Of CoronavirusThe market is growing increasingly worried about a spike in new coronavirus cases.
Read more »
Dow Plunges 700 Points As Investors Worry About A Resurgence Of CoronavirusThe Dow Jones Industrial Average closed down 2.7%, over 700 points today as investors worry about a spike in new coronavirus cases by skleb1234
Read more »
Dow drops 700 points as virus cases surge, IMF cuts global outlookStocks fell Wednesday on worries over the prospects of a quick economic recovery after the IMF projected the global recession will be worse than initially expected.
Read more »
Dow climbs 300 points in volatile trading as investors weigh virus impact on economic reopening | Markets InsiderUS stocks gained Thursday as investors weighed the impact of the coronavirus on economic-reopening efforts. Bank stocks led a mid-day reversal i...
Read more »