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Breaking stock market news US Initial Jobless Claims skyrocket to 3,283,000

Breaking stock market news

” Initial Claims for unemployment benefits in the US jumped to  3,283,000 for the week ending March 21 from 282,000, the data published by the US Department of Labor revealed on Thursday. “


United States Initial Jobless Claims

“The number of Americans filling for unemployment benefits jumped to an all-time high of 3.28 million in the week ended March 21st, the highest since the series began in 1967 and well above market expectations of 1.0 million, as efforts to contain the rapid spread of coronavirus hit businesses and activity across the country.”

United States Initial Jobless Claims
United States Initial Jobless Claims

Source: Trading Economics

Stock market news, US stock futures are down almost 2% before the open of today’s trading session

At 8:39 AM Thursday, March 26, 2020, Eastern Time (ET), US stock futures decline:

S&P Futures: 2,409.50,-57.50(-2.33%)
Dow Futures: 20,570.00,-456.00(-2.17%)
Nasdaq Futures: 7,322.50,-145.25(-1.95%)
Russell 2000 Futures: 1,074.20,-22.90(-2.09%)

Stock market data: Yahoo Finance

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