Home Markets 5 things to know before the stock market opens Thursday, May 20

5 things to know before the stock market opens Thursday, May 20

1

Here are the most important news, trends and analysis that investors need to start their trading day:

1. Stock futures turn positive after three days of losses

Traders work on the floor of the New York Stock Exchange.

NYSE

2. Weekly initial jobless claims hit new Covid-era low

The government Thursday reported a new Covid low for initial jobless claims. New filings for unemployment benefits came in at a lower-than-expected 444,000 last week. The prior week was revised slightly higher to 478,000.

3. Bitcoin rises to nearly $42,000 after Wednesday’s plunge

A representations of virtual currency Bitcoin is seen in front of a stock graph in this illustration taken May 19, 2021.

Dado Ruvic | Reuters

Bitcoin on Thursday rose to nearly $42,000 after the wild ride of the past day saw the world’s largest cryptocurrency tank 30% Wednesday to three-month lows near $30,000. That represented an over 50% decline from last month’s all-time high of almost $65,000. At Wednesday’s…

Click here for full article…www.cnbc.com