Dow turns lower at the open as Boeing weighs, but tech stocks jump as investors digest 5.25 million jobless claims

U.S. stocks opened mostly higher Thursday morning, with technology shares rallying, after weekly jobless claims data showed applications for the newly unemployed hit 5.25 million, surging to a total of 21 million over the past month. However, the market reaction to the grim data due to the business closures to limit the outbreak of COVID-19 suggests that investors may be steeling themselves against bad data and focusing on hope of reopening the economy soon.

and Google-parent Alphabet Inc. In addition to claims, reports on new-home starts and the Federal Reserve Bank of Philadelphia's survey of manufacturing conditions also showed some of the weakest results in years. Perhaps, supporting the upward trajectory for the market is President Donald Trump's announcement that he would offer later Thursday guidelines on how to reopen the economy by easing some of the current restrictions on social and business activity.

Stock market casino! What if I told you that the global economy was pronounced brain dead in 2008 and has been on life support since?

Why the hell would it SURGE after those unemployment numbers? Someone please explain.

While these stocks rally, here are 3 stocks you should buy:

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