The market opened lower on Thursday after another 1.1 million Americans filed for unemployment amid the coronavirus pandemic, but stocks pared back losses and finished positive thanks to a rally in Big Tech stocks.KEY FACTS
Sentiment initially took a hit—with the Dow opening 150 points lower—from disappointing economic data: Jobless claimsThe sharp uptick from the 963,000 claims in the previous week shows just how vulnerable the labor market still is as the coronavirus continues to weigh heavily on the U.S. economy.
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