Stocks are higher on Thursday morning, with markets initially taking a hit from disappointing unemployment data but rebounding after banks jumped on news that they will get easier regulations.KEY FACTS
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 surge of new coronavirus cases across the country.from the Volcker Rule, sending shares of big banks surging.
Source: News Formal (newsformal.com)
skleb1234 Can someone explain why? Everything’s going to sh|t. I get the SM is no longer a barometer of the economy but this is mad - it doesn’t feel like a buying opportunity given the massive uncertainty ahead.
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