- Wall Street retreated on Thursday as investors hit the pause button in advance of Friday’s jobs report, capping a four-day rally driven by rising economic sentiment.
Economic data showed the number of Americans filing for unemployment benefits dipped below 2 million for the first time since mid-March, and plummeting international commerce resulted in a net widening of the U.S. trade gap. The European Central Bank approved a stimulus package that surpassed expectations, nearly doubling the size of its Pandemic Emergency Purchase Plan to 1.35 trillion Euros.
Of the 11 major sectors in the S&P 500, all but financials, industrials and materials were in the red in a continuation of a rotation in cyclicals. Global online commerce platform EBay Inc rose 6.6% after raising current quarter forecasts due to a surge in customer orders.
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How much does it make stocks look like a rally; as the value of the dollar has dropped 4 cents against the euro the past week?
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Wall Street closes up on signs of economic reboundA late-session rally pushed Wall Street to solid gains on Tuesday as market participants looked past widespread social unrest and pandemic worries to focus instead on easing lockdown restrictions and signs of economic recovery. What part of reality is this market in? Fuck Wall St. They have no concern of 'protests in the streets' because they aren't on the right streets. When they come to Wall Street, Credit Agencies, etc.. attitudes will change. PlotPlanStrategizeOrganizeMobilize means bring the fight to them.. away from our neighborhoods & into theirs.
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Source: CNBC - 🏆 12. / 72 Read more »
Cinemark Misses Wall Street Q1 Financial Targets, Confirms June 19 ReopeningCinemark, the No. 3 U.S. exhibitor, reported first-quarter results below Wall Street expectations, revealing the extent of the damage done to its business by COVID-19 on its business. Revenue for t…
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Wall Street gains on Boeing, recovery hopesA jump in Boeing shares lifted Wall Street on Wednesday, with investors remaining optimistic about an economic rebound from a coronavirus-led slump amid continuing social unrest in the country. Recovery hopes = irrational exuberance This is what you call fack news. Boing orders are cancelled every where
Source: Reuters - 🏆 2. / 97 Read more »
WSJ News Exclusive | Wall Street Firm Will Pay Junior Bankers Not to WorkA Wall Street firm is offering to pay incoming junior bankers up to $25,000 to delay starting their jobs during the coronavirus pandemic, a move that hasn’t been seen on Wall Street since the last financial crisis Sure! I'll gladly accept $25,000. Interesting, almost as if the economy isn’t just going to magically get better 3 months into a pandemic. Wall Street should raise lots of $$$$ and rebuild the small businesses destroyed by anarchists.
Source: WSJ - 🏆 98. / 63 Read more »
Wall Street halts massive student-loan relief deal in courtAn agreement between U.S. regulators and a money manager that could have brought student-debt relief to hundreds of thousands of borrowers has been rejected by a judge. we march on towards violent revolution Big banks use us! Disgusting!
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