from its platform for the week leading up to Election Day, Nov. 3, and remove posts that try to suppress or discourage voting.
Thursday's sell-off comes on the heels of record highs for the Nasdaq and the S&P, with the latter clocking more than 20 record closing highs so far this year. Two big stock splits took effect on Monday: Apple's 4-for-1 and Tesla's 5-for-1 split. Both companies saw shares rise sharply, with Apple advancing by 4 percent and Tesla jumping by close to 10 percent.
Market watchers were parsing a variety of economic metrics, including Thursday's weekly jobless claims data, which beat analysts' expectations, revealing thatWhile this number is the lowest weekly total since the pandemic, it is still four times the pre-pandemic figure. Continuing claims indicate that 13.3 million people are still filing for ongoing benefits.
Data from the Commerce Department also showed that the U.S. trade deficit soared in July to $63.6 billion, the highest level in 12 years. On Wednesday, the Congressional Budget Office said federal debt is expected to outpace the country's gross domestic product by the end of 2021. Investors are now turning their focus to Friday's all-important monthly jobs report, released by the Bureau of Labor Statistics. Economists predict that the national unemployment rate will fall into the single digits for the first time since February, declining from 10.2 percent to around 9.8 percent.
The money that has been pumping into the Market may not be working.
Yesterday was an insane gain. Today-gone. About even. Crazy roller coaster but still above before covid hoax
Donnie must be foaming at the mouth!
Correction, that's all.
Really? Well all stocks will PLUNGE even FURTHER if Joe Biden and the Far Left Demonic-Rats, and the 'power hungry' elite Globalists who are paying them... get to run our country. But let me tell you, OUR Good God & Jesus Christ WILL NOT ALLOW THAT to HAPPEN.
;-)
Is that really a plunge
So what! That's what the stocks do!
ContentedIndie The Dow needs more handouts from the Fed if we are to continue this charade of the economy collapsing and Wallstreet being unaffected.
Profit Taking?
ContentedIndie The feds been feeding the market for 6 mo ... This was coming for a long time.
Wait, weren’t the just super proud of the market yesterday?
Wasn't Trump literally bragging about the Dow yesterday? This market is so top heavy.
40 million unemployed Americans yelling up at the Wall Street Buildings... 'Jump!'
That's all Biden's fault. or Obama
HighFreq. BlackBox trading— As the retail dumb$ & 401k trading other people’s$ got in at the top...to test March lows. Buy more tulips 🌷
Sounds like Americans just went broke
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Thank you 45. Joe2020
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