More Bad Jobs Numbers

Yesterday, the S&P 500 closed at its highest level since March 6. This month looks to go down as the best month for stocks in over 45 years.

This morning we learned that 3.84 million Americans filed for jobless claims. We also learned that in March, personal income fell by 2.0% while consumer spending dropped by 7.5%.

We had three earnings reports this morning, and they all beat Wall Street’s expectations. Moody’s (MCO) earned $2.73 per share. That beat expectations by 51 cents per share. Church & Dwight (CHD) made 83 cents per share. That beat by six cents. Intercontinental Exchange (ICE) made $1.28 per share. That beat by three cents.

Posted by on April 30th, 2020 at 10:49 am


The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.