Indices Struggle on Unemployment Data

19 June 2020

    As US jobless claims show a striking 1.5 million, higher than the 1.3 million experts have predicted, indices react accordingly, with Dow Jones and S&P 500 both shedding 0.2%, and Nasdaq - 0.05%.


    The US economy clearly continues to be butchered by the coronavirus pandemic, and elevated claims are proof, despite the fact that all the states are currently undergoing reopening, and May’s NFP has seen a positive 2.5 million growth.


    Generally, Wall Street still appears confident, as investors believe that a large portion of jobs losses will come back. There is, however, no guarantee it will happen, and some experts fear that sooner, rather than later, Wall Street may be forced to take off its rose-colored glasses and face the situation head-on.

    *The products advertised are only available to clients under Fondex Limited Seychelles (SDL No: SD037).


Cookies on Fondex

The Fondex website uses cookies to optimise user experience.

These cookies fall under the following categories: essential, functional and marketing cookies. Marketing cookies may also include third-party cookies.

Manage Preferences

You can customize your selection of which cookies you want to accept.

  • Essential

    These cookies are necessary for the website to function correctly and cannot be switched off.

  • Functional

    Functional cookies allow the website to remember users' preferences and the choices you make on the website such as username, region, and language.

  • Marketing

    These cookies are used to track visitors across our websites and show you more relevant ads. Marketing cookies also include third-party cookies from partners. For more information relating to data protection & collection please view our Privacy Policy and Cookie Disclosure.


The Company would like to inform you that it will terminate its operations under the "Fondex" brand by 30th of December 2022. If you wish to open a trading account, kindly visit