Category: Fall’s

Dow Falls as NYC’s Virus Infection Rate Threatens to Derail Recovery
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Dow Falls as NYC’s Virus Infection Rate Threatens to Derail Recovery

The Dow Jones traded virtually sideways on Tuesday.Investors ignored stellar consumer confidence data, as New York City’s coronavirus infection rate spiked above 3%.Tonight’s presidential debate is also keeping Dow bulls cautious.It was a soft day for Dow Jones, as investors ignored stellar consumer confidence data to focus on a worrying uptick in New York City’s…

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Dow Falls 300 Points as Pelosi Demands $2.2 Trillion Stimulus Package
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Dow Falls 300 Points as Pelosi Demands $2.2 Trillion Stimulus Package

The Dow Jones fell 320 points on Friday.Bears took control after Nancy Pelosi destroyed hopes of more fiscal stimulus from Congress.Better than forecast Michigan consumer sentiment shows the U.S. economic recovery is still in motion.The Dow Jones dropped sharply to close the week, as hopes of additional coronavirus stimulus continue to crater in Congress. Better…

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Unemployment Falls to 13.3% and Economy Adds 2.5 Million Jobs
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Unemployment Falls to 13.3% and Economy Adds 2.5 Million Jobs

The unemployment rate fell to 13.3 percent and payrolls unexpectedly rose by 2.5 million workers as the easing of restrictions on business activity and government aid led to new hiring in May. The U.S. unemployment rate fell below last month’s record-high 14.7 percent, which was the highest on record in data going back to 1948.…

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