Stocks rise after historic jobless claims, coronavirus relief bill

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ritcha
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Зарегистрирован: 19 фев 2020, 10:35

Stocks rise after historic jobless claims, coronavirus relief bill

Сообщение ritcha » 27 мар 2020, 10:57

Stocks surged Thursday after an eagerly awaited coronavirus relief package cleared the U.S. Senate and headed for the House. Optimism surrounding the stimulus package at least temporarily outweighed early signs of COVID-19’s acute damage to world’s largest economy.By the end of the session, the S&P 500 clinched its third straight day of gains for the first time since mid-February. The Dow climbed more than 20% from its recent closing low of 18,591.93 from March 23.The Labor Department’s weekly report on new unemployment claims showed the growing toll of the coronavirus on the economy. New claims skyrocketed to a record 3.283 million, far more than consensus economists expected and far above the levels seen after the 2008 financial crisis.The increase in joblessness was “due to the impacts of the COVID-19 virus,” the Labor Department said in a statement. “Nearly every state providing comments cited the COVID-19 virus impacts. States continued to cite services industries broadly, particularly accommodation and food services.”Read more >>slotxo

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