Daily Scoop 5-20

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 Today's Scoop: Rebound 

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Markets snapped back today.Fewer people are getting laid off.Corporate profits are strong.

The Market: ⬆️+1.1%

S&P 500: 4,159.12

After a few days of worrying about inflation, investors decided to turn optimistic. The number of Americans laid off last week declined for the 3rd week in a row to the lowest levels since the start of the pandemic. Several states are removing the additional pandemic unemployment benefits to force workers back into the jobs market.

Company Headlines

Pinterest deals with discriminationAmazon denies police facial recognitionWalmart goes virtual realityOatly cashes in with IPOLowes keeps building

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Reminder...

When companies talk about their earnings, they're talking about their profits. You can get a little more technical on the accounting, but at a high level we're looking at profitability. These "earnings reports" provide insights into the quarterly financial performance of each company. "Earnings per share" refers to your share of the profits as an owner of the business.

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