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May 9, 2021, 12:00 p.m. EDT

Dogecoin price flops as Elon Musk hosts ‘Saturday Night Live’

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By MarketWatch

MARKETWATCH FRONT PAGE

The price of the cryptocurrency dogecoin plunged overnight as Tesla Inc. Chief executive -- and crypto bull -- Elon Musk hosted "Saturday Night Live." See full story.

Here’s why the Dow and S&P 500 hit records despite a weak April jobs report

It may take more than a much-weaker-than-expected April jobs report to kill the stock market rally, though the popular reflation trade is seeing a modest setback. See full story.

The U.S. prepares to begin giving COVID-19 shots to 12- to 15-year-olds as Pfizer’s vaccine nears expanded authorization

Now that the U.S. is getting close to authorizing the first COVID-19 vaccine for younger teens, it will pave the way for immunizations to begin to reach a broader group of Americans at a time when the pace of vaccinations is slowing. See full story.

Some states are cutting unemployment payments to push people back to work — are extra benefits really keeping Americans out of the labor force?

'The disappointing jobs report makes it clear that paying people not to work is dampening what should be a stronger jobs market,' the U.S. Chamber of Commerce said. See full story.

The U.S. market’s CAPE is now the world’s highest and this gives stock investors little cover

Valuation measures indicate that U.S. stocks have become extremely expensive. See full story.

MARKETWATCH PERSONAL FINANCE

‘I have a $3,000-a-month pension. I am living with my ill father, and I am currently not working and looking for a job. I am going to college using the GI Bill. I am almost 50, and have no 401(k).’ See full story.

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