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-0.0018183558235239 -0.000287108814240608 0.00325389989472666 0.000430663221360776 0.000957029380801936 -9.5702938080248E-05 0.0014355440712029 0.000765623504641576
Stock impact report

Wall Street rises on hopes worst for labor market is over [Reuters]

Target Corporation (TGT) 
Last target corporation earnings: 3/3 06:30 am Check Earnings Report
US:NYSE Investor Relations: investors.target.com
Company Research Source: Reuters
Wall Street rises on hopes worst for labor market is over (Reuters) - Wall Street gained on Thursday as jobless claims declined for the third straight week, raising hopes the worst of the coronavirus pandemic’s impact on the labor market might be over, but a crash in business activity dulled sentiment. Data on Thursday showed 4.43 million Americans filed for unemployment benefits in the week to April 18, down from a revised 5.24 million in the previous week. The latest number was still high and took the total in the past five weeks to a record 26 million as state-wide shutdowns to contain the coronavirus sparked production halts and mass staff furloughs. “The decline in initial jobless claims is encouraging, but the damage has already been done with the insured unemployment rate surging to a record high in the (previous) week,” said Paul Ashworth, chief U.S. economist at Capital Economics. U.S. stock indexes have rallied this month on a raft of global stimulus, but the benchmark S&P 5 Show less Read more
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