Dow turns lower at the open as Boeing weighs, but tech stocks jump as investors digest 5.25 million jobless claims

U.S. stocks opened mostly higher Thursday morning, with technology shares rallying, after weekly jobless claims data showed applications for the newly unemployed hit 5.25 million, surging to a total of 21 million over the past month. However, the market reaction to the grim data due to the business closures to limit the outbreak of COVID-19 suggests that investors may be steeling themselves against bad data and focusing on hope of reopening the economy soon.

and Google-parent Alphabet Inc. In addition to claims, reports on new-home starts and the Federal Reserve Bank of Philadelphia's survey of manufacturing conditions also showed some of the weakest results in years. Perhaps, supporting the upward trajectory for the market is President Donald Trump's announcement that he would offer later Thursday guidelines on how to reopen the economy by easing some of the current restrictions on social and business activity.

Stock market casino! What if I told you that the global economy was pronounced brain dead in 2008 and has been on life support since?

Why the hell would it SURGE after those unemployment numbers? Someone please explain.

While these stocks rally, here are 3 stocks you should buy:

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Stock market live updates: Dow futures up, bracing for jobless claimsStocks are coming off a major sell-off on Tuesday from dismal earnings and economic data. Keeping realDonaldTrump and the GOP in office America will lose 85% of America. Dont wait 🤔do it now 👉🏽2/3 remove 25AmendmentNow Headline bracing for jobless claims. Really, why this nonsense headline. Does this number matter at this time. The disconnect between Wall St. and Main St. is even more astounding during a pandemic
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Dow dives 445 points as earnings results hint at massive coronavirus impact | Markets InsiderUS stocks slipped on Wednesday as dire quarterly reports pointed to a larger-than-expected hit to corporate profits amid the coronavirus pandemic. 1. Quarter PM Modi SAID I respectfully bow to the people of India... Lockdown2 ModiMangalMessage 10% unemployment won't make things better either. Do you know how long it takes to hire 17m people if you started right now? Best case: months. Typical case: a year+. Meanwhile, bills still have to get paid.
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