S&P 500, Dow slip after grim jobless claims data [Reuters]
Meta Platforms, Inc. - Class A (FB)
Last meta platforms, inc. - class a earnings: 4/29 04:05 pm
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Source: Reuters
S&P 500, Dow slip after grim jobless claims data (Reuters) - The S&P 500 and Dow Jones indexes dipped on Thursday as a grim U.S. jobless claims report took the shine off a strong month for stock markets globally, but encouraging quarterly earnings reports from Facebook and Tesla supported the Nasdaq. Nine of the 11 major S&P 500 sectors were trading lower, but declines were led by the defensive real estate .SPLRCR, utilities .SPLRCU and consumer staples .SPLRCS indexes, suggesting the mood was still risk-on. Dramatic U.S. monetary and fiscal stimulus and hopes of a revival in business activity as states reopen from lockdowns have powered a Wall Street rally in April, putting the benchmark S&P 500 .SPX on course for its best month since 1974. But analysts have warned of another selloff as economic data underlines the extent of the damage already done, with investors also wary of the pace of the recovery from a looming recession. On Thursday, the Labor Department’s report showed initial
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