U.S. equity markets rallied Thursday as record jobless claims showed signs of slowing and more states began reopening their econ

U.S. equity markets rallied Thursday as record jobless claims showed signs of slowing and more states began reopening their economies. U.S. equity markets rallied Thursday as record jobless claims showed signs of slowing and more states began reopening their economies. The Dow Jones Industrial Average climbed 310 points, or 1.31 percent, in the opening minutes of trading while the S&P 500 and the Nasdaq Composite rose 1.47 percent and 1.48 percent, respectively. Initial jobless claims for the week ended May 2 totaled 3.17 million, according to the Labor Department, smaller than the previous week's total of 3.84 million. More than 33 million Americans have lost work over the past seven weeks, taking unemployment to levels not recorded since the Great Depression. More on this For more news, please go to FoxBusiness.com and watch Fox Business Network.

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