TOKYO (AP) — Global stock markets were subdued on Thursday after significant gains in recent days and as U.S. trading remained closed for the Thanksgiving holiday.
Investors have been in an upbeat mood this week, pushing the Dow above 30,000 for the first time, on news of the development of coronavirus vaccines and treatments.
They then became more cautious as coronavirus infection rates remain high in many major economies and after the release of a batch of discouraging U.S. economic data, including jobless numbers. Read more…..
Chart of the Day
CNBC’s Steve Liesman, Allison Schrager, senior fellow at the Manhattan Institute, and Jim Paulsen, chief investment strategist at the Leuthold Group, join “Squawk Box” to break down the latest economic data, including initial unemployment claims for the week ending Nov. 21 and the second read on third-quarter GDP.