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Markets Live Recap: Unemployment in Focus Today

April 23, 2020 by Money Morning Staff Reports

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This morning, United States weekly jobless claims came in at 4.4 million.

Just over 26 million Americans have now applied for unemployment… In the last 5 weeks.

That means the U.S. economy has wiped out all the job gains since the Great Recession.

Unemployment sits at 23% and it doesn't look like we're close to re-opening the economy any time soon.

Despite that, investors shrugged off the news, bidding up the S&P 500 about 1.7% to start the day.

But stocks turned over mid-day and closed about flat.

Here's what our experts - Chris Johnson, Tom Gentile, D.R. Barton, Jr., and Shah Gilani - saw in the financial markets today, April 23...

Dow Jones

Get Ready for the Dow Jones Industrial Average to Take Another Beating Today

December 17, 2018 by Garrett Baldwin

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The Dow Jones Industrial Average slide more than 2% on Friday alone, and today isn't shaping up to be much better.

Dow futures are already down 74 points ahead of trading today and the index is now on the verge of falling below the 24,000 level.

Here's everything you need to know about the stock market today...

Dow Jones Today

Dow Jones Industrial Average Jumps 134 Points as Democrats Capture House of Representatives, GOP Retains Senate Control

November 7, 2018 by Garrett Baldwin

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The Dow Jones Industrial Average projected a triple-digit gain in premarket trading after Tuesday night's midterm elections granted control of the House of Representatives to the Democratic Party for the first time since 2011.

Propelled into the House majority by historic voter turnout, Democrats are expected to act as a significant check on Republican President Donald Trump's agenda for the remaining two years of his first term.

stocks

This Healthcare Stock Will Make a Killing off the Health Revolution

August 23, 2018 by Money Morning Reports

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On Wednesday, the current bull market became the longest in U.S. history.

Since March 9, 2009, the S&P 500 alone has risen more than 300%.

But if you look deeper into the numbers behind the S&P's growth, you find that one industry has outpaced all others.

The S&P 500's healthcare stock sector, which is comprised of the largest health insurers, is up more than 1,100% since 2009.

In addition to strong economic growth, legislation like the Affordable Healthcare Act and the expansion of Medicaid have provided a wave of profit opportunities for the healthcare sector.

Trading Strategies

I Predicted This Incredibly Disruptive, Multibillion-Dollar Healthcare Trend

April 7, 2018 by Tim Melvin

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All these recent healthcare deals – the latest being between Wal-Mart and Humana Inc. – have led our Tim Melvin to predict this multibillion-dollar healthcare trend that's created the chance to remake healthcare…

Read more...

Dow Jones

Dow Jones Today Slides Over 100 Points as Trade War Tensions Reemerge

April 2, 2018 by Garrett Baldwin

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The Dow Jones today traded over 100 points lower after China announced on Sunday that it plans to impose tariffs of up to 25% on 130 U.S. exports.

According to the Chinese government, these tariffs are meant to act as a limited response to the Trump administration's recent steel tariffs that, according to a statement from the ministry, "produced severe damage to (China's) interests."

Washington

These Health Insurers Have Been Stealing from You for Over a Decade

May 24, 2017 by David Zeiler

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Turns out several of the big health insurers have been doing some big-time cheating to deliver those huge stock gains over the past several years.

By exaggerating the illnesses of their Medicare Advantage patients, health insurers have pumped up government reimbursements by billions of dollars that came out of taxpayer pockets.

Now the Justice Department is fighting back with a lawsuit against UnitedHealth Group, the largest U.S. health insurer and biggest offender.

The details of this suit make it clear that UNH deliberately siphoned off taxpayer dollars to inflate its own profits...

Dow Jones

The Stock Market News Today Centers on Congressional Healthcare Vote

March 24, 2017 by Garrett Baldwin

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The stock market news today begins with the Dow projecting a 51-point gain before the opening bell. But Wall Street is keeping a close eye on a new healthcare bill that was delayed in the

House of Representatives yesterday due to opposition from within the Republican camp and from outside influencers like the Koch Brothers.

Here's a look at today's most important market events and stocks, plus a look at today's economic calendar...

Dow Jones

Today's Stock Market News: Dow Slides as Trump Policy Concerns Weigh on Trader Sentiment

March 7, 2017 by Garrett Baldwin

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Today's stock market news focuses on a premarket slide in the Dow as traders are jittery about President Trump's ability to implement his economic policies.

Trader are also parsing through Republicans' new plan to replace the Affordable Care Act.

Here's a look at today's most important market events and stocks, plus a look at today's economic calendar.

Washington

Will the Trump Tax Cut Plans Happen in 2017?

February 14, 2017 by Alex McGuire

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The Trump tax cut plans have pushed the Dow Jones and S&P 500 to record highs.

But it's unlikely that his tax proposal will be implemented this year.

Here are two reasons why a delay is inevitable - plus, our favorite Trump-proof stock to buy...

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