Stocks drift lower as early rally fizzles, Nasdaq 100 bounces off new high

Stocks drift lower as early rally fizzles, Nasdaq 100 bounces off new high

Stock futures rose slightly Thursday evening, drifting higher as investors awaited the Labor Department’s May jobs report and digested very early signs of recovery in the virus-stricken economy. U.S. equities closed out Thursday’s session mostly lower, with the S&P 500 ending a four-session winning streak and dropping by the most since May 21. Still, the […]
Wall St. pro says the current rally reminds him of March 2009

Wall St. pro says the current rally reminds him of March 2009

As the S&P 500 (^GSPC) hovers around 40% from its March 23rd low, one veteran strategist sees similarities with the massive rebound that took place when the markets were emerging from the financial crisis 11 years ago. “When we look at this week, we’re reminded...
Slack earnings beat, adds 12,000 net new paid customers in fiscal Q1

Slack earnings beat, adds 12,000 net new paid customers in fiscal Q1

When great may just not be great enough. Shares of Slack Technologies fell 13% initially in after-hours trading after the workplace productivity company posted first quarter results. To say expectations in the lead-up to the earnings report were sky-high may be an...
Job Advertisements Continue Slide During May

Job Advertisements Continue Slide During May

Demand for US jobs among Russell 3000 companies continued to slip as job advertisements during May fell 18.7% compared to April as companies face continued uncertainty due to the COVID-19 pandemic. Hiring demand has fallen especially among higher paying...