NewsWatch: Dow marks sharpest intraday comeback in 2 months, partly powered by a rally in battered banks

This post was originally published on this site

MARKETWATCH FRONT PAGE

The Dow staged the biggest turnaround in about two months on Thursday, as investors overlooked data that showed 2.9 million Americans lost jobs last week, bringing the total unemployed to about 36.5 million since COVID-19 pandemic began. See full story.

Aurora Cannabis stock jumps as pot sales grow faster than expected

Aurora Cannabis Inc. pot sales jumped in the first three months of the year, and the company’s beleaguered and recently bundled shares received a jolt in after-hours trading Thursday. See full story.

Why ‘the next big shoe to drop’ in the U.S. economy could hit by July

The last time a housing bubble popped, it took four years to play out. But things move fast during this pandemic — just look at the record-breaking action in the stock market — and if Wolf Richter has it right, pent-up supply could soon ravage prices. See full story.

Mortgage rates stabilize near record lows — but rates could fall lower this year

The trajectory of interest rates will depend on how the U.S. economy rebounds from the coronavirus pandemic. See full story.

Everything you need to know about the Oxford University vaccine and other efforts to beat coronavirus

Many countries are cautiously emerging from lockdown but life may not completely return to normal until a coronavirus vaccine is found. See full story.

MARKETWATCH PERSONAL FINANCE

‘I was nearly $15,000 in debt to my ex-wife. I have been diligently paying the back support down and, now, 10 years later, I finally paid it off.’ See full story.