[NEW YORK] Wall Street stocks opened sharply lower Thursday after another spike in US jobless claims amid worries over rising coronavirus cases in some states that have reopened their economies. Read more at The Business Times.
[NEW YORK] Wall Street stocks opened sharply lower Thursday after another spike in US jobless claims amid worries over rising coronavirus cases in some states that have reopened their economies.
About five minutes into trading, the Dow Jones Industrial Average stood at 26,212.99, down 2.9 per cent. The broad-based S&P 500 shed 2.5 per cent to 3,110.73, while the tech-rich Nasdaq Composite Index fell 2.1 per cent to 9,808.67. The Nasdaq has closed at records the last three days following a major rally in US stocks since plunging in March, which some analysts believe has overestimated the likely economic rebound following coronavirus shutdowns.For daily updates on weekdays and specially selected content for the weekend. Subscribe to
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US: Stocks open mixed, Nasdaq up above 10,000 points[NEW YORK] The Nasdaq pushed higher into record territory while the Dow dipped early Wednesday ahead of a Federal Reserve policy announcement. Read more at The Business Times.
Read more »
DoubleLine's Gundlach bearish on US dollar, says stocks 'lofty'The U.S. dollar is unlikely to make significant moves higher in the near term because of the ballooning budget deficit, Jeffrey Gundlach, the ...
Read more »
Oil prices slide on concerns about patchy demand recovery, record US stocksOil prices fell in early trade on Thursday on worries about slow demand growth with coronavirus cases rising, U.S. crude stockpiles hitting an ...
Read more »
Despite pandemic, new US solar capacity will grow 33per cent in 2020New U.S. solar installations will increase by a third this year, a report published on Thursday showed, as soaring demand by utilities for ...
Read more »
Just Eat Takeaway dip again after US$7.3 billion US Grubhub buyEuropean food-ordering firm Just Eat Takeaway.com NV's proposed US$7.3 billion all-share acquisition of U.S. peer Grubhub Inc was met with ...
Read more »
PayPal pledges over US$500 million to support minority-owned US businessesPayPal Holdings Inc said on Thursday it was pledging US$530 million to support black and minority-owned businesses in the United States and ...
Read more »