Category: Market
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US jobless claims drop to pandemic low
The economy continues to rebound as the pandemic recedes, with the number of Americans applying for unemployment falling to the lowest since the pandemic started. So many jobs have been added that employers are complaining they can’t find enough workers. The Associated Press has the story: Number of Americans applying for unemployment aid falls to…
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Stocks higher but Netflix down due to pandemic receding
Wednesday was a good day for the stock market, with most stocks increasing by afternoon. But Netflix slumped 7% for the biggest decline in the S&P 500, due to slower growth in new subscribers as people are more able to get out of their homes. The Associated Press has the story: Stocks higher Wednesday afternoon,…
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Stocks, S&P 500 rising after bond increases
As the effects of the coronavirus pandemic decrease, the stock market is rebounding. Friday ended a good week as the S&P 500 went up 0.2% and the Dow Jones Industrial Average up 3% as of 2:02 p.m. Eastern. The Associated Press has the story: Tick up in bond yields helps lift bank stocks Major indexes…
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Banks to hugely profit as ‘bad’ loans become ‘good’
Banks are starting to move billions of dollars worth of “bad” loans back into the “good” pile where they can now be considered part of their profits. The money had been temporarily placed there due to the pandemic, as a reserve in case loans went bad. The Associated Press has the story: Banks’ money in…