Bryan R Smith
US stocks fell Thursday after jobless claims data showed another 3.8 million Americans filed for unemployment last week. In just six …
Bryan R Smith
US stocks fell Thursday after jobless claims data showed another 3.8 million Americans filed for unemployment last week. In just six weeks, more than 30 million Americans have filed a claim for UI benefits.
“We may be past the peak of initial claims, but we aren’t out of the woods yet,” Daniel Zhao, senior economist at Glassdoor, told Business Insider.
Here’s where major US indexes stood shortly after the 9:30 a.m. market open Thursday:
Read more:A fund manager who’s beating the market by betting on tiny companies says coronavirus ‘turbocharged’ the trends driving his portfolio. He told us what they are, and the 3 stocks he’s most bullish on.
The US government also reported Thursday that consumer spending slumped in March as businesses closed, laying off workers. Consumption is roughly 70% of US gross domestic product, making it an important drive of the economy.
