Dow Jones Dives 600 Points After Jobs Report, As Stock Market Losses Mount; Apple Plunges 7%

Stock Market Report

Microsoft stock is greater than 20% above a cup with handle’s 180.10 buy level after a breakout on May 5. On Tuesday, Zoom stock surged nearly forty one% on robust earnings outcomes. Tesla stock briefly reversed 1% greater after erasing big losses midday Friday.

Market Statistics

According to theWorldometer information tracker, the cumulative number of confirmed U.S. cases topped 6.33 million on Friday. The Dow Jones Industrial Average fell 1.4% in noon trade, whereas the S&P 500 moved down 1.eight%. The tech-heavy Nasdaq composite declined 3% after falling greater than four% in morning commerce. Atlanta-primarily based Yik Yak, which laid off 60% of its employees in December, is being shopped round by its traders.

Powerful stock tracking device for Hong Kong and Chinese equity Markets. The DOW and NASDAQ final wrap-up following the close of enterprise. This report analyzes free money circulate , enterprise worth and the FCF yield for the S&P 500 and every of its sectors. Shares of beverage behemoth PepsiCo are rising forward of the corporate’s third-quarter earnings, due out earlier than the open tomorrow.

Lululemon stock recently reached the 20%-25% revenue-taking zone from a 324.86 entry in a flat base. Despite the earnings beat, DocuSign stock fell as much as thirteen% in morning trade, on tempo to increase a shedding streak to a few periods. AVGO stock moved up 2% in early trade and is extended above a 328.21 buy level in a flat base. Apple stock is about sixty five% above a cup-with-deal with’s 72.15 buy level. The blue-chip giant is the No. 1-performing Dow Jones stock in 2020, with a sixty four.7% advance by way of Wednesday’s shut.

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Also, 11 marina and storage services shall be added to the corporate’s real property holdings. acquired SkipperBud’s and its affiliate, Silver Seas Yachts; the latter’s shareholders will remain as its operators.

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