The Dow Jones Industrial Average was down 0.2%, over 50 points, at Thursday’s open, while the S&P 500 fell 0.4% and the tech-heavy Nasdaq lost 0.1%.filed for unemploymentWhile jobless claims have been slowing steadily, continuing claims were higher than expected and increased from last week. The damage caused by the coronavirus evidently continues to take a major toll on the economy.
The market’s losses were kept in check, however, after the European Central Bank said it would buy an additional 600 billion euros of government bonds, bringing the total for its Pandemic Emergency Purchase Program to more than 1.35 trillion euros.on Thursday, casino stocks jumped: Wynn Resorts and Las Vegas Sands were up over 0.5%, while MGM Resorts rose more than 3%.
Other stocks that would directly benefit from a reopening also continued to rally on Thursday, including airlines and some retailers.That’s how many Americans have filed for unemployment since the coronavirus crisis began.Stocks rallied for three straight days earlier this week, moving higher despite widespread civil unrest across the country stemming from the death of George Floyd.
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