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The Dow Jones now is taking a dip despite news that the U.S. government pumped large amounts of money into a program designed to accelerate the production of a COVID-19 vaccine.
Still, tech stocks were trading at new highs this morning, thanks to a rally in Amazon.com (NASDAQ: AMZN).
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The Dow Jones today is popping after the Labor Department announced the unemployment rate fell to 11.1%.
Investors continue to bet on a V-shaped recovery and ignore the ongoing surge of national COVID-19 cases.
The rally comes on the back of large gains during a holiday-shortened week.
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The Dow Jones now could slip today as the U.S. hit 2.63 million coronavirus cases.
Wall Street had its best quarter in decades after a sharp rebound from the COVID-19 market crash in March.
Investors must now face a slate of potential threats in a resurgence of coronavirus cases, ongoing geopolitical worries out of China, and the upcoming election.
More on these developments below...
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The Dow Jones could take a dip today as investors await testimony from Federal Reserve Chairman Jerome Powell before the House Financial Services Committee this afternoon.
The testimony will center on the central bank and the Treasury Department's response to COVID-19.
Investors are also watching bank stocks today.
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The Dow Jones now is volatile after the Federal Reserve released the results of 119 bond issue purchases within two days as of June 17.
The central bank had scooped up huge chunks of debt from AT&T Corp. (NYSE: T), UnitedHealth Group (NYSE: UNH), Comcast Corporation (NASDAQ: CMCSA) and Walmart Stores (NYSE: WMT).
Read for more events moving the Dow today.
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Dow Jones Industrial Average could slide further Thursday after COVID-19 passed its record for most cases in a single day, hitting 36,358 cases.
Investors are also eyeing an ongoing trade dispute between the United States and China, a weak U.S. economy.
The market is discounting the possibility that the Fed will continue to expand open market operations given the weakness in underlying fundamentals.
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The Dow Jones today may finish with a loss as COVID-19 cases across the United States rise.
Stocks that would benefit from a stronger reopening for the economy are sliding today as well.
These stocks fall into the airline, cruise, retail, and hospitality categories.
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The Dow Jones now is up on a positive report over the status of trade between the United States and China.
Last night, White House trade adviser Peter Navarro said that the deal between the world's two largest economies was over.
Navarro backtracked after other White House officials contradicted his earlier claims.
But that's not all carrying the Dow today.
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The Dow Jones Industrial Average is volatile this morning as concerns of a potential second wave of coronavirus cases abound.
Shares of tech stocks like Apple Inc. (NASDAQ: AAPL) and Microsoft Corporation (NASDAQ: MSFT) were up, while companies most likely impacted by the threat of COVID-19 – sectors like airlines and hotels – slid.
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The Dow Jones today is falling after the latest round of jobless claims and a swell of new COVID-19 cases around the nation.
Airline stocks and retail stocks fueled Thursday's downturn.
Markets are also reacting to a recent breakout of coronavirus in Beijing, the capital of China.
The Chinese government said that it has contained the spread over the last few days.
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