Sometimes, the markets remind us that we’re just not in charge. After a four-session run of gains, stocks have stumbled on the latest employment news. With reports in that initial jobless claims have increased for the first time since March, investors got spooked and stock prices tumbled. Major names, including Microsoft, Apple, and Amazon, led the way.The new jobless claims hit 2.3 million, with 1.4 million of those applying for state unemployment insurance and over 900,000 applying for Federal aid made available the unemployed freelancers and other ineligible for state assistance. The numbers sparked fears that the economic recovery may …read more
Source:: Yahoo Finance
