Thursday 19 March 2020

Dow slides 360 points, jeopardizing Trump-era gains

  • Dow slides 360 points, jeopardizing Trump-era gains

    The impact of "shelter in place" orders, social distancing between people, the cancellation of non-essential travel and the closure of many restaurants and bars has started to show up in the economic data. The Department of Labor reported on Thursday morning that the number of weekly jobless claims jumped by 281,000 in the week ended March 14, exceeding the increase of 220,000 that economists surveyed by Refinitiv were expecting.

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