investing

Stock Market Today: Investors Tap the Brakes

Jobless claims suggested the worst of the job news may be behind us. Still, investors remained nervous about Friday's unemployment report

The markets barely moved Thursday, even as weekly unemployment claims fell below 2 million for the first time since mid-March. The trend suggests that the worst of the job losses could be behind us. The market's true test, however, comes Friday with the May jobs report. Economists expect the unemployment rate to hit 19.8%, a level not seen since before World War II. With perhaps a hint of trepidation, the Dow closed Thursday up 0.1% at 26,281.

The backward-looking economic data is ugly, but the market's focus on silver linings that suggest the worst of the downturn is over is fueling a remarkable run for stocks. The Nasdaq 100, an index of the largest non-financial companies in the Nasdaq Composite index, tied an all-time intraday high Thursday. Whether it's under-the-radar technology stocks or big-time ecommerce plays, it's clear that the tech sector has led the way in 2020. Even the blue-chip Dow's recent surge has been driven in part by its tech-stock constituents. Of course, not all tech stocks are created equal. Have a look at what the pros have to say about the Nasdaq's best tech bets.

Most Popular

Your Guide to Roth Conversions
Special Report
Tax Breaks

Your Guide to Roth Conversions

A Kiplinger Special Report
February 25, 2021
How to Calculate the Break-Even Age for Taking Social Security
social security

How to Calculate the Break-Even Age for Taking Social Security

When it comes to maximizing your Social Security benefits, there are many elements to consider. One factor that can be especially enlightening is your…
August 30, 2021
Spend Without Worry in Retirement
Financial Planning

Spend Without Worry in Retirement

Fears of running out of money prevent many retirees from tapping the nest egg they’ve worked a lifetime to save. With these strategies, you can genera…
August 30, 2021

Recommended

Is a Target Date Fund Right for You?
investing

Is a Target Date Fund Right for You?

You're busy, and poring over investments is a pain. Wouldn't a target date fund be easier? Take a look at their pros and cons to see if incorporating …
September 14, 2021
Is the Stock Market Closed on Labor Day?
Markets

Is the Stock Market Closed on Labor Day?

Stock markets and bond markets alike will enjoy their annual three-day weekend as America observes Labor Day.
September 5, 2021
Stock Market Holidays in 2021
Markets

Stock Market Holidays in 2021

Is the stock market open today? Take a look at which days the NYSE, Nasdaq and bond markets take off in 2021.
September 2, 2021
5 High-Yield Mutual Funds With a Human Touch
mutual funds

5 High-Yield Mutual Funds With a Human Touch

Seasoned management can make a difference in junk bonds. We put a spotlight on five actively run high-yield mutual funds.
August 27, 2021