Global Stocks Fall on Worse-Than-Expected Jobs Report
Global stock markets fell this morning following the release of a worse-than-expected U.S. jobless claims report and a dip in multiple Big Tech stocks, which is a vulnerable sector right now.
The U.S. Department of Labor reported that 965,000 more Americans applied for unemployment benefits last week. That’s a huge increase compared to the 784,000 new claims the prior week.
Markets in the U.S. also took a tumble after President-elect Joe Biden revealed the details of his $1.9 trillion COVID-19 rescue package. The plan would give most people another $1,400 check, along with extra $600-a-week payments for laid-off workers.
You’d think the market would be bullish after that, right?
In today’s video, I’ll explain the biggest catalyst impacting stocks right now… which U.S. Federal Reserve data is impacting major indexes… why the stock market isn’t responding to Biden’s stimulus plan… and two healthcare stocks you’ll want to target right now.
