About: http://data.cimple.eu/news-article/3e12d79d39bc4720f02b4047a05a274b2aa05096a304367ab18c4bb6

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About: http://data.cimple.eu/news-article/3e12d79d39bc4720f02b4047a05a274b2aa05096a304367ab18c4bb6 Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	Wall Street stocks fell Thursday following another round of poor economic data, bringing a lackluster conclusion to an April rebound that constituted the market's best month in decades. The S&P 500 shed 0.9 percent to finish at 2,912.43, but that was a 12 percent increase over March -- making it the best monthly performance since 1987. The Dow Jones Industrial Average shed 1.2 percent to end the session at 24,345.72, while the tech-rich Nasdaq Composite Index dipped 0.3 percent at 8,889.55. Stocks have been on a tear in recent weeks as the market focuses on improving trends in some coronavirus hotspots and unprecedented government stimulus rather than the mounting economic toll from the crisis. Another 3.84 million US workers filed for unemployment benefits last week and the total has now passed 30 million in six weeks, according to the Labor Department data. But the Federal Reserve on Thursday expanded its business loan program to reach more troubled firms, the latest forceful move that has emboldened equity investors. "The Fed will keep funnelling capital into the financial system until the American economy is back on a solid footing," analyst Nicholas Colas of DataTrek Research said in a note. "Since no one knows how the US economic restart will actually go and if there will be setbacks, the Fed will err on the side of more stimulus rather than less for many, many more months." Facebook jumped 5.4 percent as it reported a sharp increase in usage as the global pandemic, even though it saw weaker demand for advertising as well as a drop in ad prices during the last three weeks of the quarter. Twitter dove 6.8 percent after reporting an $8 million quarterly loss as the global pandemic hit advertising revenue, even as the social platform saw a surge in new users. Fast food chain McDonald's slipped 0.1 percent as it reported a steep decline in March sales and warned of continued weakness in April. American Airlines dropped 4.9 percent after reporting a $2.2 billion quarterly loss in the wake of a profound industry downturn. jmb/hs
schema:headline	US stocks finish historically strong April on weak note
schema:mentions	S&P 500 Index Unemployment benefits Stock Dow Jones Industrial Average Fast food American Airlines Federal Reserve Columbidae Australian Labor Party Pandemic Twitter Facebook United States Coronavirus Lackluster NASDAQ Composite
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-04-30 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	60 (xsd:integer)
http://data.cimple...tology#hasEmotion	sadness

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