AllMarket Summary
logoArgusOctober 30, 2020

Market Digest: BA, BYD, CTSH, DHR, MCO, PKG, RJF, RTX, WDC, NOW, SHOP

Sector(s)
Financial Services, Technology, Healthcare, Industrials, Consumer Cyclical
Summary

Stocks rose on Thursday, rebounding from Wednesday's selloff but also giving up some of their gains late in the session. The Commerce Department reported strong growth in 3Q GDP, which rose at a better-than-expected 33.1% annualized rate. Unemployment claims, still high by historical standards, also trended lower. First-time unemployment benefit claims fell from the prior week to 751,000, below the consensus forecast. Continuing claims totaled 7.756 million, also down from the prior week and below consensus. The Dow rose 0.52%, the S&P 1.19%, and the Nasdaq 1.64%. Crude oil fell more than 3% to $36 per barrel, while gold fell $13 to $1866 per ounce.

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