Stock market news live updates: Stocks slightly higher after new jobless claims report [Yahoo! Finance News]
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Source: Yahoo! Finance News
Stock market news live updates: Stocks slightly higher after new jobless claims reportEmily McCormickReporterApril 23, 2020ReblogShareTweetStocks opened slightly higher as investors digestedThursday’s initial unemployment claims reporthistoric levels of volatility in crude oilLast week’s initial jobless claims totaled 4.427 million for the week, a fifth straight week that new unemployment claims were in the multi-millions, but the third straight week that the number of new claims fell relative to the prior week.Since mid-March, new unemployment claims ballooned to more than 26 million, reflecting stunning levels of joblessness as workers were furloughed or laid off in troves amid pandemic-related business closures.“It is clear that while the initial wave of job losses were concentrated in retail and hospitality due to the shutdowns, it is spreading to suppliers and to other industries,” James Knightley, chief international economist for ING, wrote in a note Thursday morning. “Terrible
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