Tom Lee of Fundstrat and Mona Mahajan of Allianz be part of “Squawk on the Road” to debate the state of the markets after weak jobless claims numbers.
The Dow Jones Industrial Common fell Thursday in uneven buying and selling as Wall Road grappled with extra issues over the coronavirus outbreak and dismal financial information.
The 30-stock Dow was down about 120 factors, or 0.5%, round 1:38 p.m. ET. The Nasdaq Composite, nonetheless, rose 0.7% as Amazon and Netflix reached report ranges. The S&P 500 hovered simply above the flatline. (Click on right here for the newest market information.)
New York Gov. Andrew Cuomo mentioned Thursday the state, in coordination with different states, will preserve nonessential companies shut down till Could 15.
The extension comes even because the hospitalization charge in New York has fallen. It additionally comes after President Donald Trump once more advocated for a gradual reopening of the financial system throughout a press convention Wednesday night.
“There must be a stability. , there’s additionally demise concerned in preserving [the economy] closed,” Trump mentioned from the White Home. “We’ve got to get again to work.”
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