Market Update: Wed, May 6, 2020 | LPL Financial Research


A quiet day. US stocks opened slightly higher, following strength in Asia and a mixed Europe. It is a very quiet day so far, but focus remains on reopening the country, next monetary and fiscal policy steps, and the eventual economic recovery. A historically weak April ADP employment number this morning (more than 20 million people lost their jobs in April) reminded investors of the immediate economic impact of COVID-19.

Remembering the flash crash. The flash crash occurred 10 years ago today: In a matter of minutes, the Dow lost more than 1,000 points, or nearly $1 trillion. What is so unique about this is that a decade later, most industry professionals still can’t agree on exactly what caused it! We take a trip down memory lane and focus on this historic day later today on the LPL Research blog.

New look for Daily Market Update. Beginning next week, LPL Research Daily Market Update and Friday’s Keeping You Up-To-Date will feature new banners. The crisper, lighter colors will display better on mobile devices and continue our progress to “Reimagine Research.” Look for this banner in your in-boxes beginning Monday, May 11.


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