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MARKETWATCH FRONT PAGE
Some 5.25 million workers who’ve lost their jobs applied for unemployment benefits last week, driving the number of coronavirus-related layoffs above 21 million in just one month as the nation grapples with the worst pandemic in a century. See full story.
Why ‘fleeing to cash’ in turbulent COVID-19 markets could be the worst plan, says Invesco strategist
Moving to cash as the pandemic creates vast uncertainty among investors, may not be the wisest plan for investors says our chart of the day. Our call says the leaders of last year are going to keep leading this stock market. See full story.
The next 45 days are the ‘most critical period in U.S. financial history,’ says stock-market expert who profited in 1987 and 2008 crises
After recovering a chunk of the losses racked up during the worst of the coronavirus-induced selloff last month, the stock market finds itself at a crucial inflection point, writes Alan B. Lancz. See full story.
Trump plans to unveil reopening guidelines as he says U.S. has passed peak of new coronavirus cases
President Donald Trump said Wednesday he is planning a Thursday announcement on guidelines for states to reopen amid the coronavirus pandemic, citing progress on fighting the outbreak. See full story.
Philly Fed manufacturing index plunges in April
The Philadelphia Fed manufacturing index in April fell to -56.6 after registering -12.7 in the prior month. See full story.
MARKETWATCH PERSONAL FINANCE
Housing starts and building permitting activity are still occurring at a faster pace than a year ago. See full story.
