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Stock impact report

Stocks drop as unemployment spikes [TechCrunch Blog]

Bill.com Holdings, Inc. (BILL) 
Last bill.com holdings, inc. earnings: 2/6 04:05 pm Check Earnings Report
Company Research Source: TechCrunch Blog
Stocks fell in regular trading Friday, as all major American indices fell in the wake of a broadly negative jobs report. Withmore than 700,000 jobs lost in the March dataThe markets have been bracing for widespread job losses due to the continued fallout from COVID-19, the disease caused by coronavirus that has prompted local, county and state officials throughout the U.S. and Europe to issue stay-at-home orders. Those directives have forced bars, restaurants, gyms and other non-essentials businesses to close.While the market had expected a wave of job losses, stocks fell as those figures surpassed expectations. Selloffs were further spurred by this troubling recognition: Friday’s figures only account for unemployment-insurance claims individuals filed in the first two weeks of March, before most of the COVID-related layoffs began.This was unlike Thursday, when negative dataled to market gainsHere are the day’s raw results:Shares of SaaS and cloud companies tracked by the Bessemer clo Show less Read more
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