Market Dips for losses at Open...
https://sites.google.com/site/ericavillalonforex/ The three main stock indexes were headed for their worst week since mid-March as hopes of a quick recovery were doused by Federal Reserve Chairman Jerome Powell's somber outlook on the economy and leading U.S. infectious disease expert Anthony Fauci's warning that the virus was not yet under control. Economic readings continued to reflect the pain caused by the pandemic, as data showed 2.98 million Americans filed for state unemployment benefits last week, higher than economists' estimates. However, this marked the sixth straight weekly drop in jobless claims, since topping 6 million in the final week of March. The focus now turns to retail sales data on Friday that will reflect the impact of stay-at-home orders on the U.S. consumer in April.