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0.000417710944026799 -0.000835421888053449 0.00125313283208025 0.0037593984962406 0.00751879699248119 0.0108604845446951 0.00584795321637429 0.010233918128655
Stock impact report

S&P 500 set to snap winning streak as labor market rebound slows [Reuters]

Federated Hermes, Inc. (FHI) 
Last federated hermes, inc. earnings: 4/30 04:17 pm Check Earnings Report
Company Research Source: Reuters
S&P 500 set to snap winning streak as labor market rebound slows (Reuters) - The S&P 500 struggled for direction on Thursday, following four straight days of gains as investors held out for a new coronavirus relief package, with latest data showing signs that a recovery in the labor market was stalling. The number of Americans filing for unemployment benefits rose last week for the first time in nearly four months against the backdrop of a resurgence in coronavirus cases, the Labor Department’s data showed. “The monetary taps are on and are likely to remain so while unemployment is so high, and this should continue to support markets,” said Geir Lode, head of global equities, International at Federated Hermes in London. U.S. Treasury Secretary Steve Mnuchin said the White House was interested in getting a trillion-dollar coronavirus relief bill out quickly and was working with Senate Republicans to hammer out language on extending enhanced unemployment benefits. Optimism about a poten Show less Read more
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