|Bid||314.20 x 0|
|Ask||0.00 x 0|
|Day's range||312.00 - 314.74|
|52-week range||227.02 - 345.00|
|PE ratio (TTM)||N/A|
|YTD daily total return||-10.96%|
|Beta (5Y monthly)||1.00|
|Expense ratio (net)||0.09%|
Most black families will not see the benefit from a historic stock market rally, one that has persisted despite a global pandemic and nationwide protests.
Stocks spiked on Friday after data showed the coronavirus-stricken U.S. economy unexpectedly added jobs in May.
There are at least a few reasons to doubt May's stunning jobs surge, economists say.
The May jobs report showed an unexpected rise in the number of non-farm payrolls in the economy and a drop in the unemployment rate from April.
As the S&P 500 (^GSPC) hovers around 40% from its March 23rd low, one veteran strategist is reminded of the massive rally that took place when the markets were emerging from the financial crisis 11 years ago.
U.S. stock markets have been on a tear this week, with the Nasdaq Composite, the S&P 500, and the Dow Jones Industrial Average all close to overtaking their all-time highs reached in February. Markets have climbed a virtual wall of worry to head higher over the past several sessions, shrugging off sometimes violent mass protests across the United States over police brutality and racial inequality. At current levels, the tech-heavy Nasdaq is less than 2% away from its record high.
Stocks were mixed Thursday amid new developments that could raise tensions between the U.S. and China, and a deluge of new economic data, much of which was still consistent with a contraction but at least signaled some stabilization after an initial slump in activity.
Investing.com - U.S. stock markets have been in rally-mode this week, as Wall Street grows more optimistic about the economy reopening, despite uncertainty over the coronavirus pandemic and growing tensions between the U.S. and China.
Telehealth companies enabling individuals to see physicians without stepping foot into a physical doctor’s office are having their moment, as the coronavirus pandemic confines individuals and would-be patients across the country largely to their homes.
A forthcoming Federal Reserve survey says among people who were working in February, almost 40% of those in households making less than $40,000 a year lost a job in March.