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.
