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Mandysweets
2021-06-04

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Dow ends day flat as economic comeback plays offset losses in tech

Cyclical stocks lifted the Dow Jones Industrial Average off its low on Thursday to close the session

Dow ends day flat as economic comeback plays offset losses in tech

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Mandysweets
·2021-06-17
Great!
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Mandysweets
·2021-06-05
:)
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The S&P 500 declined 0.4% to 4,192.85 and the tech-heavy Nasdaq Composite fell 1% to 13,614.51.The benchmark S&P 500 sits about 1% from its all-time high reached earlier last month, but it has been stuck around these levels for about the last two weeks. The S&P 500 is up more than 11% this year so far.Merck and Dow Inc. were the two best performers in the 30-stock benchmark, both rising more than 2%. 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It also marked the first time that jobless claims fell below 400,000 since the early days of the pandemic.“With ADP knocking it out of the park, and jobless claims breaking that 400k barrier—a pandemic low—all eyes will be on the larger jobs picture tomorrow,” said Mike Loewengart, a managing director at E-Trade. “With seemingly all systems go on the jobs front, the economy is flashing some very real signs that this isn’t just a comeback—expansion mode could be on the horizon.”The market may be on hold before the release of the jobs report Friday, which is likely to show an additional 671,000 nonfarm payrolls in May, according to economists polled by Dow Jones. The economy added 266,000 jobs in April.Investors continued to monitor the wild action in meme stocks, particularly theater chain AMC Entertainment. 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Short sellers are forced to buy back the stock to cut their losses when it keeps rallying like this.The meme stock bubble in GameStop earlier this year weighed on the market a bit as investors worried it meant too much speculative activity was in the stock market. As losses in hedge funds betting against the stock mounted, worries increased about a pullback in risk-taking across Wall Street that could hit the overall market. AMC’s latest surge did not appear to be causing similar concerns so far.Here are company's financial statementsSlack tops Q1 expectations, ends quarter with 169,000 total paid customersLululemon first-quarter sales rise 88%, topping estimates, as store traffic reboundsCrowdStrike stock rises as earnings, outlook top Street viewDocuSign stock pops on earnings, outlook beat","news_type":1},"isVote":1,"tweetType":1,"viewCount":218,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":1,"xxTargetLangEnum":"ORIG"},"commentList":[{"id":4828531,"commentId":"4828531","gmtCreate":1623893239607,"gmtModify":1663229110331,"authorId":3574902605686719,"author":{"id":3574902605686719,"idStr":"3574902605686719","authorId":3574902605686719,"name":"Mandysweets","avatar":"https://static.tigerbbs.com/036bd057668e25a503121743fda748ae","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":116329111,"objectIdStr":"116329111","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"Great! 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