AmEx profit plunges 85%

Millennials Weather 2 Major Recessions, Bound To Impact Way They Invest

Personal Finance Insider writes about products, strategies, and tips to help you make smart decisions with your money. We may receive a small commission from our partners, like American Express, but our reporting and recommendations are always independent and objective. Millennials have now dealt with two major recessions before the age of 40, and it's likely to make them more conservative investors than their parents were.

Market correction is likely: strategist

Invesco's Brian Levitt says the equities market will likely face a correction or volatility in the near term. But he also tells Reuters' Fred Katayama a new market cycle has emerged where stocks will benefit from improved economic activity and low rates over the longer term.

S&P could reclaim record high this year: strategist

Chaikin Analytics' Dan Russo says the S&P 500 could rise another 3% this year get back to record levels. He tells Reuters' Fred Katayama fiscal and monetary stimulus will drive equities higher.

Jobless claims rise for first time in nearly 4 months

The number of Americans filing for unemployment benefits rose last week for the first time in nearly four months, suggesting the labor market was stalling amid a resurgence in new COVID-19 cases and depressed demand. Fred Katayama reports.