Stock market live updates: Dow futures up 200, oil rallies, weekly jobless claims ahead

A man wearing a mask walks by the New York Stock Exchange on March 17, 2020 at Wall Street in New York City.7:45 am: Jobless claims expected to rise by 3 million

Economists polled by Dow Jones expect just over 3 million Americans to have filed for unemployment benefits in the week ending May 2. That would bring the seven-week total to about 33 million as the coronavirus pandemic forces massive layoffs across industries. However, the rate of new jobless claims has been steadily falling in recent weeks. Also, a print of 3 million would be lower than the previous number of 3.84 million.

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Dow futures flat as stock market braces for private-sector report from ADP that could show 20 million jobs losses in AprilU.S. stock-index futures on Wednesday see lackluster early action in thin trade as investors braced for an update on private-sector employment from ADP for April and react to corporate quarterly updates from some of the nation’s largest companies which are mostly swooning from the effects of the COVID-19 pandemic. Haha it doesn't matter. When they announce unemployment numbers stocks go down 1-2% and they forget the other day and invest more.
Source: MarketWatch - 🏆 3. / 97 Read more »