When tens of millions of people lost their jobs due to the 2020 novel coronavirus (COVID-19) pandemic, stock market volatility echoed the distress. Throughout March and April 2020, equities devolved into chaos as the markets attempted to price-in an unprecedented economic event. To stay ahead of the curve, traders dedicated immense resources to the study… Read more.
After an eventful trading week last week, global markets are holding onto a positive risk tone. President Trump formally announced steel and aluminum tariffs, but there were exceptions for Canada and Mexico that softened its impact on risk appetites. There has been pushback from Capitol Hill, the business sector and major central banks that could keep trade tensions subdued.
A much better than forecast look at October US jobs data has strengthened the chances for a December Federal Reserve interest rate hike.
The NASDAQ-100 Index represents the largest non-financial U.S. and international issues listed on The NASDAQ Stock Market based on market capitalization. Index holdings represent companies across major industry groups including computer hardware and software, telecommunications, retail and wholesale trade, and biotechnology.
Stock futures around the world responded favorably on Thursday to reports that first-time unemployment claims fell more than expected this week. The news on the labor front was encouraging because only a week ago, investors were dismayed when unemployment claims shot up far more than expected to around 500,000. This week, 473,000 workers filed for… Read more.