The Congress couldn’t reach a consensus regarding the new stimulus package
An economic recovery is not in
sight for the US, as the latest report from the Department of Labor showed
Last week, 1.106 million filed
for the first time for unemployment benefits. The figures that came in exceeded
the 930,000 forecasted. At the moment, it’s been four weeks since people
stopped receiving the $600/ week benefit.
Specialists believe that this
spike probably represents a pause in the number of people returning to work
after the second wave of COVID-19 infections.
The market reacted accordingly
and USA500 lost 0.5%,
while USA30 traded 0.4%
lower. TECH100 fell
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A volatile session for the markets -- Wednesday Review, August 19
TikTok plans on suing the Trump administration