US STOCKS-Wall St slides on grim jobless data, set for best month in decades [Reuters]
Meta Platforms, Inc. - Class A (FB)
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Source: Reuters
US STOCKS-Wall St slides on grim jobless data, set for best month in decades (For a live blog on the U.S. stock market, click or type LIVE/ in a news window.) * Facebook jumps after upbeat quarterly revenue * Tesla jumps after reporting profitable quarter * U.S. weekly jobless claims remain elevated * McDonald’s dips as quarterly profit slides * Indexes down: Dow 1.42%, S&P 500 1.21%, Nasdaq 0.66% (Adds comments, updates to early afternoon) By C Nivedita and Shreyashi Sanyal April 30 (Reuters) - Wall Street’s main indexes fell on Thursday after a strong month of gains as millions of more Americans applied for jobless claims, taking the shine off a strong rally this month and eclipsing upbeat results from Facebook and Tesla. All 11 S&P 500 sector indexes were trading lower, with financials, materials and utilities leading declines. Dramatic U.S. stimulus and hopes of a revival in business activity as states reopen from lockdowns have powered a Wall Street rally in April, putting the S&
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