Markets Live Recap: Stocks Sell Off After Another 2.44 Million Americans Lose Their Jobs

Another 2.44 million Americans filed for unemployment benefits over the past week (versus the 2.4 million expected by consensus economist estimates).

Now, over 38.6 million Americans find themselves without work.

That sent the Dow modestly down 0.25% to start the day, in early morning trading.

It traded in a narrow range all day; up and down triple digits, and unable to muster neither a deeper selloff nor a convincing rally.

It ultimately closed 0.41% lower.

Here’s what our experts – Chris Johnson and Shah Gilani – saw at the beginning and end of the trading day.

The post Markets Live Recap: Stocks Sell Off After Another 2.44 Million Americans Lose Their Jobs appeared first on Money Morning – We Make Investing Profitable.

And what stocks they’re looking to buy now…

To get full access to all Money Morning content, click here

About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free. Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and visitors become smarter, more confident investors.

Disclaimer: © 2020 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201.

Powered by WPeMatico