The tech-heavy Nasdaq is set to outpace other stock market indexes at the open on Thursday, ready to recover from a more than 2% slide since the beginning of this week.
The Dow Jones Industrial Average look set to rise slightly Thursday but the broader market is shaky after a report on jobless claims hit the lowest level in the COVID era, ahead of the nonfarm payrolls report for April due on Friday.
Applications for U.S. unemployment benefits fell below 500,000 in early May for the first time since the onset of the pandemic, pointing to an upsurge in hiring as companies race to beef up staff as the economy builds momentum. Initial jobless claims in the states sank 98,000 to 498,000.
Cathie Wood’s ARK Innovation exchange-traded fund is significantly oversold and due for a bounce, but if it doesn’t come the popular fund risks suffering a “waterfall” decline, says one chart watcher.
‘I was doing great on my own with the kids. I managed to get an apartment, pay for health insurance and even continue with my youngest son’s private school.’
After her financial circumstances changed, Toi Cudworth delayed payments on some loans, and bought frozen chicken and veggies because they’re cheaper and they last longer.
After seeing Uber Technologies Inc. fight over the past few years to keep drivers from becoming employees instead of contractors, investors finally got a glimpse of some of the impact to its financial results.
According to filings Wednesday with the Securities and Exchange Commission, Bezos sold nearly 740,000 shares on Monday and Tuesday for about $2.48 billion. The stock sales were pre-arranged through a 10b5-1 trading plan, according to the filings.
Uber Technologies Inc.’s business continued to recover in the first quarter as COVID-19 restrictions eased, and the sale of its self-driving unit helped produce the smallest quarterly loss in its history as a public company.