Wall Street ends down after jobless claims hit 18-month low
Sept 9 - Wall Street ended lower on Thursday after weekly jobless claims fell to a near 18-month low, allaying fears of a slowing economic recovery, but also stoking worries the Fed could move sooner than expected to scale back its accommodative policies.The Labor Department said initial claims for state unemployment benefits dropped 35,000 to a seasonally adjusted 310,000 for the week ended Sept. 4, the lowest level since mid-March 2020. That suggested that job growth could be hindered by labo
Tesla stock started 2021 on the wrong footing but has since recovered strongly as it outperformed General Motors and Ford in the last three months.Investors should move on to using EBIT multiples to value the stock given the company's strong expected EBIT growth momentum moving forward.Some investors often missed out on momentum as one of the key factors driving Tesla's stock price, leading them to adopt a surprisingly bearish stance.Tesla, Inc. receives one of the highest coverage by the Stree