Weekly Market Commentary, May 12, 2020
The U.S. jobs report confirmed what was already known: millions of Americans are losing their jobs.
The U.S. jobs report confirmed what was already known: millions of Americans are losing their jobs.
Losing your job can be financially devastating, but there are ways you can handle layoffs. Budgeting, tracking spending and taking care of unemployment are the first steps.
Economic news indicated the economic damage from COVID-19 continues to grow.
Leaders around the world announced steps to open up their economies by gradually reducing social distancing as the global economy continued to struggle.
Similarly to last week, investors had to weigh progress fighting COVID-19 and what that means for the future.
Investors were faced with a combination of optimistic and pessimistic news this week and opted to accentuate the positive.
The measures slowing the spread of the coronavirus are dealing severe challenges to the U.S. job market.
Markets look forward and, at least for a week, saw signs government is willing to provide support to get the economy through the coronavirus pandemic.
The ongoing battle against the coronavirus pushed markets sharply lower last week.
Stocks and bonds continued to be buffeted about by waves of data and policy actions.