Stock market news today June 11, 2020

Stock market news

“An additional 1.542 million Americans filed for unemployment benefits in the week ending June 6, below economists’ expectations for 1.55 million jobless claims. Weekly initial jobless claims have decelerated for 10 consecutive weeks. The prior week’s figure was revised higher to 1.897 million from the previously reported 1.88 million. Over the past 3 months, more than 44 million Americans have filed for unemployment insurance.”

Source: https://finance.yahoo.com/news/coronavirus-covid-weekly-initial-jobless-claims-june-6-210917511.html

United States Initial Jobless Claims

“The number of Americans filling for unemployment benefits eased to 1.542 million in the week ended June 6th, the lowest level since the coronavirus crisis began three months ago and below market expectations of 1.550 million. Still, the latest figure lifted the total reported since March 21st to 44.2 million. On a non seasonally adjusted basis, the biggest increases in jobless claims were reported in California, Massachusetts and New York, while those in Florida, Texas and Georgia dropped sharply. The 4-week moving average, which removes week-to-week volatility, eased again to 2.002 million, while continuing jobless claims decreased to 20.9 million in the week ended May 30th, well above market forecasts of 20.0 million.”

Source: https://tradingeconomics.com/united-states/jobless-claims

Stock market today live update

At 1:39 PM, ET time today the latest stock market update and investing news, business news is:

S&P 500: 3,047.81,-142.33(-4.46%)
Dow 30: 25,553.53,-1,436.46(-5.32%)
Nasdaq: 9,644.10,-376.25(-3.75%)
Russell 2000: 1,384.20,-83.19(-5.67%)

All data taken from Yahoo Finance, stock market is open.