The Dow Jones is pushing higher today as markets digest one of the worst jobs reports in the history of the country.
The U.S. Labor Department reported that the U.S. economy lost 20.5 million jobs in April, the highest figure in history.
The unemployment rate increased from 4.4% to 14.7%.
Hospitality, retail, and manufacturing sectors also reported large declines in employment due to COVID- 19.
More on these figures below.
Here's everything moving the Dow today.
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The coronavirus is having a massive impact on manufacturing in China. And the "experts" on Wall Street are largely overlooking this problem.
You see, the lag that follows in trade will be very disruptive for companies that rely heavily on production in the world's second largest economy.
While everyone is thinking about Apple Inc. (NASDAQ: AAPL), there are many other companies that are going to take a very hard hit from the ongoing freeze in China's manufacturing sector.
Several of these may be lurking in your portfolio, without you even realizing it.
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Amazon.com (NASDAQ: AMZN) is now worth $1 trillion after a crushed earnings report.
Once again, it's showcasing the role of e-commerce in the American economy.
Shares topped $2,000 this morning.
And that's great if you've been buying Amazon stock for a while.
But it might be out of reach for many investors.
Investors who rival the returns of Amazon over the last decade can consider penny stocks.
Our best penny stock to buy right now has growth potential of 367%.
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Telsa Inc. (NASDAQ: TSLA) is hitting a new high today, nearing the $650 mark.
That's an astonishing 248% climb from $185 in May.
But if you missed the big rally over the last few months, don't kick yourself.
The Tesla rally is about a trend much bigger than Tesla.
And you could still profit at least 90% from it with our top penny stock today.
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There are three companies leading the future of the automotive industry, and each one has a different way that it is going to crush the competition.
They are scaling up production and making big innovative leaps that keep surprising investors with more good news.
If you are looking for the next big technological revolution, then you need to read this...
by Daniel Smoot
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Amazon just bought 100,000 electric trucks from Rivian.
This is a massive boon for electric vehicle stocks.
Here’s whether you can buy Rivian stock.
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The Dow Jones today could tick slightly higher after earnings season kicked off with reports from several major U.S. banks.
Investors are cautious about what a rate cut means to financial institutions.
by Mike Stenger
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The latest trade war news could accelerate an industry’s projected five-year 122% growth.
And though trade wars may come and go, they’re making one company the best small-cap stock to buy and hold for decades ahead. Now that 3D printing is more than just a niche hobby, and many auto manufacturers have adopted it in their prototyping, it’s a market ready to soar. And this stock has been ahead of the curve all along.
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The Dow Jones today will stay flat after the United States and Mexico failed to reach an agreement on tariffs and immigration.
The U.S. plans to levy 5% tariffs on Mexico as soon as Monday.
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On Monday (May 27), Fiat Chrysler Automobiles announced plans to pursue a merger with French automaker Renault.
This is a bold effort to adapt to technological and regulatory developments in the global auto industry.
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