Dow climbs 377 points as bank-stock rally outweighs historic unemployment filings - Business Insider

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Dow climbs 377 points as bank-stock rally outweighs historic unemployment filings

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"Although the initial deluge of unemployment claims is slowing, the labor market likely has further to fall as states chip away at backlogged claims and employers navigate reopening amid a continued health crisis," Daniel Zhao, an economist at Glassdoor, told Business Insider. "We're not out of the woods yet."

The gains were a reversal of stock-market weakness the prior day. Major equity indexes dipped Wednesday after Federal Reserve Chairman Jerome Powell said the US economy could be

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