【gun show in killeen tx】1.9 Million Unemployment Claims; Travel Bets Surge
Weekly employment numbers showed that the U.S. labor market continues to deteriorate on Thursday,gun show in killeen tx but the numbers weren't bad enough to shock Wall Street. These days, numbers that bad are hard to come by.
Although stocks spent the day treading water, they've been on a tear since hitting March lows, and even a recent growth domestic product estimate that forecasts a 53% decline this quarter didn't stop the rally in its tracks.
While the overall market was sideways Thursday, the top two performing sectors, financials and industrials, each rose more than 1% -- implying investors may think the U.S. is already in the early stages of a recovery.
The Dow Jones Industrial Average rose 12 points, or 0.1%, to finish at 26,281.
[
Sign up for stock news with our Invested newsletter.
]
Breadline.
About 1.88 million people filed for unemployment benefits last week, more than the 1.8 million claims economists were predicting.
The number of continuing claims, which reflects how many Americans in total are actively collecting on unemployment, edged up to around 21.4 million -- a shocking level considering it was hovering around 1.7 million before the virus hit.
On the brighter side, that number, which as of May 23, is lower than the 24.9 million peak that hit on the week ending on May 9.
ECB steps up stimulus to $1.5 trillion.
The European Central Bank boosted its bond-buying program of roughly $1.5 trillion, as Europe's counterpart to the U.S. Federal Reserve takes a page from the Fed's book, vowing to prop up the bloc's economy with a flood of liquidity.
Investors cheered the move, and the euro rallied, reaching a multimonth high against the dollar.
American Airlines up 41%.
Far and away the highest-flying stock in the S&P 500 was American Airlines (ticker:
AAL
), which soared 41%, a one-day record for the company, on Thursday. The massive gain was driven by comments from the company over the recovery in demand it's seeing.
It expects to see 55% of the capacity in July that it saw in the year-ago period and is planning to reopen 11 of its American Airlines Admirals Clubs on June 22. As recently as April, American's average load factor, or the percentage of capacity utilized by passengers, was a lowly 15%.
United Airlines (
UAL
) and Delta Air Lines (
DAL
) were the second- and third-best performers in the S&P, rising 16.2% and 13.7%, respectively.
More From US News & World Report
2020's Dividend Aristocrats List: All 66 Stocks
Artificial Intelligence Stocks: The 10 Best AI Companies
10 of the Best Blue-Chip Stocks to Buy for 2020
View comments
(责任编辑:Entertainment)
- A Sliding Share Price Has Us Looking At Rexnord Corporation's (NYSE:RXN) P/E Ratio
- Global Compression Garments Market – Analysis By Product Type, By End User, By Region, By Country (2020 Edition): Market Insights, COVID-19 Impact, Competition and Forecast (2020-2025)
- SEC delays decision on tZERO’s proposed security token exchange
- Blockchain Could Make Dismantling Nuclear Warheads More Secure: UK Report
- How Bassett (BSET) Stock Stands Out in a Strong Industry
- What Bloomberg's massive campaign spending would cost the average American
- Waste Management (WM) Beats Q3 Earnings & Revenue Estimates
- 5 Stocks With Decent Growth Potential to Watch Ahead
- Retail sector companies turn to masks, gloves in coronavirus fight
- Peak Announces Initiation of Research Coverage by eResearch
- High-Yield ETF Rout Widens Gap With Benchmarks
- A Sliding Share Price Has Us Looking At Malibu Boats, Inc.'s (NASDAQ:MBUU) P/E Ratio
- PharmaCielo Shareholder Alert: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $50,000 In PharmaCielo Ltd. To Contact The Firm
-
Snapchat Ousts Trump’s Account From Discover Section
Click here to read the full article.A growing chorus ofsocial mediacompanies appear to be taking a s ...[详细] -
4 Top Momentum Stocks Powered by Driehaus Strategy
Investors who have the propensity to take higher risk can think of investing in momentum stocks to b ...[详细] -
The Downsides of 401(k)s That You’ve Never Heard Of
A good 401(k) is the cornerstone of any long-term retirement savings plan. 401(k) plans offer tax be ...[详细] -
What's in Store for Ambarella (AMBA) This Earnings Season?
Ambarella, Inc.AMBA is slated to release first-quarter fiscal 2021 results on Jun 2.For the fiscal f ...[详细] -
Rating Action: Moody's assigns Aa2 to Omaha, NE's lease bonds; outlook stableGlobal Credit Research ...[详细]
-
Coronavirus has crippled global protest movements
Algeria’s protest movement seemedunstoppable.After forcing the country’s president of 20 years toste ...[详细] -
Rackspace Technology announces new professional services and featured solutions at AWS re:Invent 202 ...[详细]
-
A Magnificent Ascent For The Newest Cloud ETF
If the technology sector is hot this year (it is), then cloud computing stocks and exchange-traded f ...[详细] -
Does ICC Holdings, Inc.'s (NASDAQ:ICCH) CEO Pay Reflect Performance?
Arron Sutherland has been the CEO of ICC Holdings, Inc. (NASDAQ:ICCH) since 2016. This analysis aims ...[详细] -
Morocco to suspend all travel to and from Italy amid coronavirus fears
CAIRO, March 10 (Reuters) - Moroccan Prime Minister Saad Eddine El Othmani announced early on Tuesda ...[详细]
- Ducks Unlimited Canada commends Government’s Fall Economic Statement that recognizes nature in Canada’s economic recovery
- CDK Global: Q1 Earnings Insights
- Delivery Hero takes steps to support struggling restaurants
- Did Apogee Enterprises, Inc.'s (NASDAQ:APOG) Recent Earnings Growth Beat The Trend?
- Hermès Opens Significantly Larger Shop in Las Vegas
- FIRST FIRM TO INVESTIGATE NOTICE: The Schall Law Firm Announces it is Investigating Claims Against Carnival Corporation & Plc and Encourages Investors with Losses of $100,000 to Contact the Firm
- Masco Banks on Repair & Remodeling Business Amid High Costs