USA Today - 27.03.2020

(Darren Dugan) #1

4B ❚ FRIDAY, MARCH 27, 2020 ❚ USA TODAY MONEY


AMERICA’S MARKETS


ALL THE MARKET ACTION IN REAL TIME
MARKETS.USATODAY.COM

MARKET PERFORMANCE BY SECTOR
Sector Close Chg. 4wk
^1 YTD^1


COMMODITIES
Commodities Close Prev. Chg. % Chg. % Y TD

TOP 10 EXCHANGE TRADED FUNDS
ETF, ranked by volume Ticker Close Chg. % Chg %Y TD

FOREIGN CURRENCIES
Currency per dollar Close Prev. 6 mo. ago Yr. ago

FOREIGN MARKETS
Countr y Close Prev. Change %Chg. %Y TD

Technology 82.31 +4.80 -6.1% -10.2%
Utilities 55.38 +4.35 -13.9% -14.3%
Consumer staples 53.76 +2.79 -9.1% -14.6%
Health care 86.85 +5.41 -7.4% -14.7%
Telecom 52.30 +2.53 -10.3% -14.8%
C o n s u m e r d i s c r e t. 101. 4 5 + 4. 0 3 -13. 0 % -19.1%
Industrials 61.48 +3.65 -17.4% -24.5%
Materials 45.92 +2.06 -13.8% -25.2%
Financials 21.67 +1.28 -20.7% -29.6%
Energy 30.39 +1.75 -32.9% -49.4%


SPDR S&P500 ETF Tr SPY 261.20 +14.41 +5.8% -18.8%
Citigp Vel Long Crde UWT 0.21 -0.03 -11.6% -98.5%
US Oil Fund LP USO 4.83 -0.25 -4.9% -62.3%
SPDR Financial XLF 21.67 +1.28 +6.3% -29.6%
ProShs UltPro ShtQQQ SQQQ 19.47 -3.69 -15.9% -13.0%
iShs Emerg Mkts EEM 35.36 +1.29 +3.8% -21.2%
ProShs UltraPro QQQ TQQQ 49.48 +6.93 +16.3% -42.8%
Invesco QQQ Trust QQQ 191.90 +9.60 +5.3% -9.7%
Direx S&P500Bear 3x SPXS 15.57 -3.37 -17.8% +17.5%
Alps Alerian MLP AMLP 3.48 +0.09 +2.7% -59.1%

Cattle (lb.) 1.05 1.08 -0.03 -2.8% -15.4%
Corn (bushel) 3.49 3.49 unch. +0.1% -10.1%
Gold (troy oz.) 1,650.10 1,632.30 +17.80 +1.1% +8.6%
Hogs, lean (lb.) .63 .66 -0.03 -4.5% -11.9%
Natural Gas (Btu.) 1.64 1.66 -0.02 -1.3% -25.2%
Oil, heating (gal.) 1.05 1.10 -0.05 -4.3% -48.2%
Oil, lt. swt. crude (bar.) 22.60 24.49 -1.89 -7.7% -63.0%
Silver (troy oz.) 14.64 14.84 -0.20 -1.3% -17.9%
Soybeans (bushel) 8.80 8.82 -0.02 -0.1% -6.7%
Wheat (bushel) 5.69 5.80 -0.11 -1.9% +1.8%

British pound .8225 .8424 .8111.
Canadian dollar 1.4029 1.4204 1.3263 1.
C h i n e s e y u a n 7. 0 7 3 9 7.114 4 7.13 2 7 6 .715 7
Euro .9057 .9202 .9151.
J a p a n e s e ye n 10 9. 2 2 111. 37 107. 81 110. 52
Mexican peso 23.1973 24.0053 19.6597 19.

Frankfurt 10,000.96 9,874.26 +126.70 +1.3% -24.5%
Hong Kong 23,352.34 23,527.19 -174.85 -0.7% -17.2%
Japan (Nikkei) 18,664.60 19,546.63 -882.03 -4.5% -21.1%
London 5,815.73 5,688.20 +127.53 +2.2% -22.9%
Mexico City 35,706.57 35,536.70 +169.87 +0.5% -18.0%

DOW JONES INDUSTRIAL AVERAGE


SOURCE Morningstar, Dow Jones Indexes, The Associated Press

S&P 500’S BIGGEST GAINERS
Company (ticker) Price $ Chg. % Chg. Y TD

Coty Inc (COTY) 6.68 +1.30 +24.2 -40.
Sysco Corp (SYY) 53.48 +7.83 +17.2 -37.
Citizens Fincl Grp (CFG) 20.72 +3.01 +17.0 -49.
Fifth Third Bcp (FITB) 17.32 +2.50 +16.9 -43.
Keycorp (KEY) 11.46 +1.64 +16.7 -43.


S&P 500’S BIGGEST LOSERS
Company (ticker) Price $ Chg. % Chg. Y TD
Macy’s Inc (M) 5.94 -.67 -10.1 -65.
Norwegian Cruise Ln (NCLH) 15.71 -1.25 -7.4 -73.
Gap Inc (GPS) 8.45 -.53 -5.9 -52.
L Brands Inc (LB) 13.14 -.79 -5.7 -27.
CBS Corp B (VIAC) 13.99 -.75 -5.1 -66.

MARKET NOTEBOOK
Issues NYSE NASDAQ
Advancing 2,
Declining 326
Unchanged 18
Tot a l 2 ,73 9

2,
504
102
3,
Issues at^5
New 52 Week High 1
New 52 Week Low 17

23
Share Volume
Advancing 6,362,370,
Declining 1,166,302,
Unchanged 35,220,

3,026,819,
830,080,
16,785,

Total 7,563,893,581 3,873,684,

+1351.


Closing: 22,552.
Change: +6.4%
YTD % Chg: -21.0%

S&P 500 • STANDARD & POOR’S

+154.


Closing: 2,630.
Change: +6.2%
YTD % Chg: -18.6%

NASDAQ COMPOSITE

+413.


Closing: 7,797.
Change: +5.6%
YTD % Chg: -13.1%

RUSSELL 2000

+69.


Closing: 1,180.
Change: +6.3%
YTD % Chg: -29.3%

U.S. stocks notched their first
three-day rally in six weeks Thursday
on hopes that Congress will quickly
approve a coronavirus rescue package
for the economy while the outbreak in
China is showing signs that it has been
largely contained.
The Dow Jones industrial average
climbed 1,351.62 points, or 6.4%, to
close at 22,552.17. The blue-chip aver-
age has advanced 21.3% over the past
three days, its biggest three-day gain
since 1931. Those gains helped push
the Dow back into bull market territory
after ending its 11-year historic run ear-
lier this month.
The Standard & Poor’s 500 added
6.2% to finish at 2,630.07. It has gained
17.6% over the past three days, its best
percentage gain since 1933.
The gains came even as data re-
vealed a record number of Americans
filed for unemployment benefits last
week following a wave of layoffs from
the coronavirus pandemic.
Initial claims for state unemploy-
ment benefits surged to a seasonally
adjusted 3.3 million last week, the La-
bor Department said Thursday. That
marked the highest level of claims in
history.
The data shouldn’t come as a sur-
prise, analysts say, because investors
were already anticipating a significant
rise in jobless claims in the near term.
“Record unemployment data is hor-
rible news, but we knew it was going to
be terrible,” says Joe Conroy, founder
of Harford Retirement Planners.
“What’s helped prop up the market are
signs that China is starting to contain
the virus.”
The data offers investors clues into
the duration and severity of how the
deadly virus is impacting the U.S.
economy.
Confirmed coronavirus cases in
America surpassed 80,000, leading to
1,136 deaths, and more confirmations
are expected as the U.S. ramps up test-
ing. The global death toll was nearly
23,000; total confirmed cases went
past 500,000, according to the Johns
Hopkins University data dashboard.
“Investors expect that the coming
weeks will likely be the worst of it,”
says Michael Sheldon, chief invest-
ment officer at RDM Financial Group
at Hightower. “This is likely to be short
term in nature. Once the economy
opens up again, all of this data should
start to recover. We just don’t know
how quickly or how robust the recov-
ery will be.”
Contributing: The Associated Press


Stocks,


jobless


claims


still rise


Jessica Menton
USA TODAY


Traders works after the opening bell
at the New York Stock Exchange
(NYSE) on Wall Street, on Aug. 1,


2019. JOHANNES EISELE, AFP/GETTY IMAGES


Suddenly losing your job is unset-
tling at any time, but it’s especially
scary during the coronavirus pandem-
ic.
With the unemployment rate likely
to skyrocket, COVID-19 is turning out
to be an economic wrecking ball.
“Almost every company and almost
every sector has been hurt, so it really
makes this a very, very different expe-
rience for the job seeker,” says David
Lewis, founder and CEO of Operation-
sInc, a Norwalk, Connecticut-based
human resources consultancy with
over 1,000 clients in 50 states. “The
last thing a job seeker wants to hear in
a normal economy is be patient, and
it’s the best advice I can start off with
for someone who is finding themselves
unemployed in this market.”
Still, there are steps you can take to
try to regain some semblance of con-
trol of your situation if you suddenly
find yourself unemployed.

File for unemployment benefits

Unemployment insurance is a col-
laboration between the federal gov-
ernment and state governments to
help provide some compensation to
people who are trying to get a job but
can’t find one. As soon as you lose your
job, contact your state’s unemploy-
ment insurance program.

A new option is on the way

So-called “gig economy” workers,
such as Uber drivers and freelance
contractors, are typically not eligible
for unemployment insurance. But a
new program in the federal legislation,
if passed, would provide unprecedent-
ed jobless benefits to self-employed
workers and contractors.
Stay tuned for details on how to sign
up for these benefits, but there’s a
good chance you’ll do so through the
typical unemployment insurance pro-
gram in your state.

Dial back your spending

It sounds obvious, but you may

need to reduce your spending while
you’re unemployed to ensure you can
pay your bills. People who lose their jobs
during the coronavirus pandemic and
receive the extra boost of unemploy-
ment insurance should be “rationing it
like they would ration food like they’re
stuck on a desert island,” Lewis said.

Pursue a firm immediately hiring

Contrary to what you might think,
some employers are hiring right now –
and hiring in droves.
Amazon, CVS, Walgreens, Kroger,
Dollar General, Instacart, Domino’s, Pa-
pa Johns, Pizza Hut and other employ-
ers have collectively announced plans
to hire at least 800,000 workers to keep
up with a surge of demand.
If you need to replace your lost in-
come quickly, it’s worth considering.
Opportunities are emerging in ware-
house and distribution, packaging,
forklift operation and food production,
says Debra Thorpe, senior vice presi-
dent and general manager of U.S. opera-
tions at workforce firm Kelly Services.

Get bill relief

Most major utilities throughout the
country are offering payment relief to
customers affected by the pandemic.
Contact your local provider to notify
them of your situation. Be ready to pro-

vide documentation if necessary.

Update your LinkedIn, resume

You might want to spend this period
watching Netflix, and that’s normal. But
also try to carve out time to update your
LinkedIn profile and polish your re-
sume.
While employers may not be hiring
right now, you’ll want to be prepared for
when they resume adding jobs.

Start networking now (digitally)

Companies are likely to experience a
deluge of applicants once they resume
hiring, so it could be harder than ever to
break through. That means networking
is extremely important.
So use this time to connect with
friends and colleagues, past and pre-
sent, to notify them of your situation,
your skills and your accomplishments.

Look for job retraining resources

You might not be able to take classes
in person, but federal, state and local
governments have established many
forms of job retraining programs that in-
volve online coursework.
“This is a great opportunity for peo-
ple to enhance their skill sets,” Thorpe
said.
Contributing: Paul Davidson

If you’re laid off, landing a


new gig requires planning


Nathan Bomey
USA TODAY

GETTY IMAGES

ROCHESTER, N.Y. – You’re Ameri-
ca’s top infectious disease expert.
You’ve served as an adviser to every
president since Ronald Reagan. You’re
unquestionably “the star,” to use Presi-
dent Donald Trump’s term, of the U.S.
coronavirus task force’s televised dai-
ly briefings.
So where do you go from there? Di-
rectly onto a doughnut.
Early this week, Rochester, New
York, shop Donuts Delite began mak-
ing doughnuts featuring the likeness
of renowned immunologist Dr. Antho-
ny Fauci, longtime director of the Na-
tional Institute of Allergy and Infec-
tious Diseases, whose straightfor-
ward, calming presence during the
COVID-19 pandemic seems to have
soothed a great many Americans.
“We’re watching the news like ev-
eryone else,” said Nick Semeraro, fran-
chisee of the cafe, which also serves

the Salvatore’s Old Fashioned Pizzeria
menu in Rochester. “He’s on TV giving
us the facts; you’ve got to respect that.
We’re bipartisan, we stay neutral, but
you’ve got to give (him) credit.”
Added Salvatore “Soccer Sam” Fan-
tauzzo, CEO and founder of Salvatore’s:
“He is calm, knowledgeable and he’s
comforting during a time when our
country needs it. He is inspiring to listen

to. He is one of America’s heroes during
this challenging time. Plus, he is a Pai-
sano! We wanted to honor a great Italian
American who is on the front lines in
fighting this pandemic.”
In addition, the shop wants to bring
“light to a humbling experience,” Sem-
eraro said, and some cheer to custom-
ers, “even if it’s just while you’re wolfing
down that doughnut.”
Decorating the specialty treats in-
volves printing an image of 79-year-old
Fauci on wafer-thin edible paper and
placing the paper on top of a thick layer
of buttercream frosting. Fauci’s image is
then encircled with piped frosting deco-
rated with red, white and blue sprinkles.
So far, “people are buying them like
crazy,” Semeraro said. The shop has sold
hundreds of the doughnuts since Mon-
day, and “we’re making more right now,”
he said just after dawn Thursday.
The doughnuts cost $2.10 each; $
for a half-dozen; $20 for a dozen (plus
tax). They are available for takeout,
curbside pickup or delivery, including
“touchless delivery.”

Dr. Fauci doughnuts selling like hotcakes


Doughnuts featuring infectious
disease expert Dr. Anthony Fauci are
popular at Donuts Delite in Rochester,
N .Y. SHAWN DOWD/USA TODAY NETWORK

Marcia Greenwood
Rochester Democrat and Chronicle
USA TODAY NETWORK
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