Stocks eke out small gains after wild session, Apple leads tech higher

Apple and Microsoft shares rose 1% and 1.3%, respectively, to lead tech higher. Alphabet shares gained nearly 1% and Amazon advanced 0.7%. Netflix was up 0.5% and Facebook advanced 0.2%.first-time claims for state unemployment benefits totaled 870,000

"Claims, arguable the most important high frequency data point currently, missed expectations and moved up week-over-week," Evercore ISI strategist Dennis DeBusschere, said in a note Thursday. "With the Fed diminishing its own credibility by continually emphasizing the ineffectiveness of monetary policy and begging for fiscal support, weaker data will have a big impact on risk assets. Especially if the fiscal cliff starts to bite, which some indicators suggests might be starting.

Wall Street is grappling with a lack of new fiscal stimulus, which several economists and the Federal Reserve argue is needed for the economic recovery to continue. "We think it is now clear that Congress will not attach additional fiscal stimulus to the continuing resolution," Jan Hatzius, chief economist at Goldman Sachs, wrote in a note. "This implies that after a final round of extra unemployment benefits that is currently being disbursed, any further fiscal support will likely have to wait until 2021.", that Democrats are putting together a scaled-back aid package and plan to vote on it next week.

Buy Bitcoin

ClosingBell It’s all good, after a selloff day yesterday, let’s just get some stability and gain at a normal rate. We don’t need 10% gain weeks followed by 9% loss weeks, let’s just progress at a more normal rate of speed and keep most of us as normal as can be.

ClosingBell . Seriously Stephanie_Link I can't believe you said with enthusiasm that everything is doing GREAT..... except Jobs? 😳 Yeah... Corporate America and the wealth like ourselves are doing GREAT but did you check on the millions of unemployed HUMANS w/ huge debt and no chance?

All three indeces gained yet stocks fell? Help me understand your math here.

CNBC..... stocks fell Thursday. LMAO. Dumb get dumber

how spoiled the market has made you - now less than .25% gains is defined as stocks 'fell'

Buying pressure in $QQQ was present today.

Define 'fell' ?

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Asian stocks struggle to build on Wall Street gains, dollar risesAsia's stock markets struggled to emulate Wall Street's rebound on Wednesday as persistent worries about the global economic recovery kept investors cautious, while ebbing inflation expectations helped the U.S. dollar to a two-month high. Hail the digital RMB
Source: Reuters - 🏆 2. / 97 Read more »

Stocks finish higher as Powell, Mnuchin repeat calls for stimulusU.S. stocks closed higher, snapping a four-day losing streak for two of the three major indexes, as investors attempted to look past rising coronavirus case...
Source: MarketWatch - 🏆 3. / 97 Read more »

Stocks are mixed on Wall Street as September keeps churningNew York (AP) — U.S. stock indexes are mixed in early trading Wednesday, as Wall Street’s tumultuous month continues to churn. The S&P 500 was 0.2% higher, but trading has been erratic... Wall Street is not the economy!!!!! Again, I will always cheer on our MARKETS. Still, we need to pay attention to the grassroots across this country, the consumers who will support our MARKETS, those folks in dire straights, hanging on tooth and nail right now. Wonder if Nike will ever make a shoe in the US?
Source: AP - 🏆 728. / 51 Read more »

European stocks set for higher open ahead of key euro zone dataEuropean stocks are expected to open higher Wednesday ahead of a key data releases from the euro zone. firejimcramer $BCS 📈📶
Source: CNBC - 🏆 12. / 72 Read more »

Dow rises over 100 points as stocks continue rebound from selloffStocks opened mostly higher Wednesday, a day after the S&P 500 and Nasdaq Composite snapped four-day losing streaks and the Dow Jones Industrial Average... $nwgi 🚀
Source: MarketWatch - 🏆 3. / 97 Read more »

Hedge fund investing strategy, stocks to buy for recovery: BofA - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »