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
The 12 Best Tech Stocks to Buy for 2022
tech stocks

The 12 Best Tech Stocks to Buy for 2022

The best tech-sector picks for the year to come include plays on some of the most exciting emergent technologies, as well as several old-guard mega-ca…
January 3, 2022
How to Know When You Can Retire
retirement

How to Know When You Can Retire

You’ve scrimped and saved, but are you really ready to retire? Here are some helpful calculations that could help you decide whether you can actually …
January 5, 2022

Recommended

Is the Stock Market Closed on MLK Day?
Markets

Is the Stock Market Closed on MLK Day?

Both the stock markets and bond markets will have Monday off as the nation honors civil rights leader Martin Luther King Jr.
January 15, 2022
Stock Market Holidays in 2022
Markets

Stock Market Holidays in 2022

Is the stock market open today? Take a look at which days the NYSE, Nasdaq and bond markets take off in 2022.
January 14, 2022
4 Tips on How to Build a Better Bond Position
bonds

4 Tips on How to Build a Better Bond Position

In a world where stock markets keep setting records, bonds look quite dull in comparison. But don’t give up on them! Polish up your bond portfolio usi…
January 12, 2022
5 Beginner Investing Tips for a Healthy Headspace
Becoming an Investor

5 Beginner Investing Tips for a Healthy Headspace

Lousy with numbers? Bad with money? That's OK. By adopting the right mentality, you can learn not only how to invest, but how to do so effectively.
December 30, 2021