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May 9, 2021, 5:00 p.m. EDT

What the dogecoin army is saying as the cryptocurrency’s tumble triggers a bearish break in the long-term trend line

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By MarketWatch

MARKETWATCH FRONT PAGE

Dogecoin's stratospheric run was in jeopardy early Sunday, with the popular crypto unwinding a chunk of its recent rally. 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

State lawmakers in Florida are set to remove local COVID-19 mandates, but theme parks are still imposing their own restrictions. See full story.

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