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S&P 500 posts best week since 1974 as new Fed stimulus offsets historic unemployment filings

1 month ago   |   By Business Insider

US stocks climbed on Thursday, continuing gains from Wednesday, as the Federal Reserve announced an additional $2.3 trillion in aid to businesses and governments.
The S&P 500's four-day gain of 12% over the short week marked its best weekly performance since 1974.
Data released on Thursday morning showed that unemployment claims soared for the third week in a row, hitting 6.6 million for the period ended April 4.
Oil declined, erasing strong early gains, as investors expressed disappointment in the degree of production cuts agreed to by Russia, Saudi Arabia, and key global allies.
Read more ...

 

S&P 500 posts best week since 1974 as new Fed stimulus offsets historic unemployment filings

S&P 500 posts best week since 1974 as new Fed stimulus offsets historic unemployment filings

1 month ago   |   By Business Insider

US stocks climbed on Thursday, continuing gains from Wednesday, as t he Federal Reserve announced an additional $2.3 trillion in aid to businesses and governments.
The S&P 500's four-day gain of 12% over the shortened week marked its best weekly performance since 1974.
Data released on Thursday morning showed that unemployment claims soared for a third week in a row, hitting 6.6 million for the period ended April 4.
Oil declined, erasing strong early gains, as investors expressed disappointment in the degree of production cuts agreed to by Russia, Saudi Arabia, and key global allies.
Read more ...

 


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