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  • US stocks slide as biggest jobless-claims surge since March outweighs stimulus expectations

    13 days ago - By Business Insider

    Lucas Jackson/Reuters
    US stocks ended Thursday lower as investors digested a surge in weekly jobless claims. The reading of 965,000 new unemployment filings represented the biggest increase since March and the highest level since August. The weak jobs report could give fuel to Democrats passing a massive stimulus bill once President-elect biden is inaugurated. Sign up here for our daily newsletter 10 Things Before the Opening Bell. US stocks ended Thursday lower as investors digested a surge in weekly jobless claims. Jobless claims surged to 965,000 for the week that ended on Saturday...
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  • US consumer comfort tumbles to lowest point since July as COVID-19 surge cuts further into recovery optimism

    13 days ago - By Business Insider

    Yichuan Cao/NurPhoto via Getty Images
    The Bloomberg Consumer Comfort Index dropped 1.2 points to 43.2 in the week ended January 10 according to data released Thursday.
    The reading marks the lowest level since July and extends a streak of declines into its eighth week.
    A gauge tracking Americans' views of their finances slid to 55.9 from 58.1, its lowest since late May.
    The gauge's downtrend comes after rioters violently stormed the Capitol, COVID-19 cases continued to surge, and Democrats' victories in Georgia runoffs won the party control of the Senate.
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