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Here's what happened to the stock market on Thursday

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The Dow rallied for a third straight day — despite a sharp jobless claims increase — as investors cheered the Senate passing a massive stimulus bill.

The Labor Department said Thursday that U.S. unemployment claims soared to a record of 3.28 million in last week. That number blew past the financial crisis peak of 695,000. However, investors shrugged it off as some estimates were even worse than the actual print.

Citi, for example, had forecast 4 million claims were filed. Meanwhile, the Senate unanimously passed a $2 trillion stimulus bill to support the economy amid the outbreak. House Speaker Nancy Pelosi later said the bill would pass the House with bipartisan support.

 

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Machines following momentum sending the market to prices completely and utterly detached from any kind of fundamental basis.

just did 4 coronavirus updates and didn’t mention USA cases each time. Just the worldwide total and Italy’s cases. Did they forget about USA?

Who cares? Where are the tests? Where are the masks? Where are the ventilators?

There is no economy but gambling.

It went up because of corporate bailouts and devalued currency being given to everyone, if SpeakerPelosi signs the stimulus bill that’ll do more damage then good.

Sweet sweet socialism.

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