Thursday, 2 April 2020

Stocks fight for direction after record jobless claims

  • Stocks fight for direction after record jobless claims

    U.S. equity markets swung between tiny gains and losses Thursday morning as investors assessed a record number of first-time unemployment filings caused by the COVID-19 pandemic. The Dow Jones Industrial Average fell 10 points, or 0.05 percent, in the opening minutes of trading while the S&P 500 and Nasdaq Composite rose 0.27 percent and 0.11 percent respectively. The gyrations come after all three of the major averages opened the second quarter with losses of 4.4 percent on Wednesday.

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