Stocks Fall, Dow Loses 300 Points After Coronavirus Job Losses Surpass 30 Million

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The stock market finished lower today, despite strong earnings from major tech companies, after another sobering jobless claims report showed millions of more Americans filing for unemployment by skleb1234

The stock market finished lower on Thursday, despite strong earnings from major tech companies, after another sobering jobless claims report showed millions more Americans filing for unemployment.The Dow Jones Industrial Average was down 1.2%, over 300 points lower, on Thursday, while the S&P 500 fell 0.9% and the Nasdaq Composite lost 0.3%.

Another 3.8 million people filed temporary unemployment claims last week, according to data released by the Labor Department., as the coronavirus crisis continues to force business closures, layoffs and furloughs on an unprecedented scale.—its steepest decline on record.

 

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skleb1234 How the market went up the last month is beyond me Pride cometh before the fall I suppose Reality wont be ignored

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