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03 Apr: Stock market news April 2, 2020

US stock market news All major stock indexes closed higher as the stock market did not react negatively to the US weekly jobless claims hitting a new record. “US jobless claims skyrocket to 6.6 million, doubling last week’s record, as coronavirus layoffs persist. US weekly jobless claims have spiked to a second consecutive weekly record as coronavirus-induced layoffs persist across the country.The Labor Department reported Thursday that 6.64 million Americans filed for unemployment insurance in the week that ended Saturday — more than double the previous week’s total.Economists expect the US to fall into recession in the second quarter if it isn’t already in one. The sky-high jobless claims could raise the unemployment rate by multiple percentage points.” Source: https://www.businessinsider.com/us-weekly-jobless-claims-unemployment-filings-record-labor-market-coronavirus-2020-4 How the stock market closed on April 2, 2020 S&P 500: 2,526.90,+56.40(+2.28%)Dow 30: 21,413.44,+469.93(+2.24%)Nasdaq: 7,487.31,+126.73(+1.72%)Russell 2000: 1,077.40,+5.40(+0.50%) Stocks gainers Parsley Energy, Inc. (PE) stock among stock gainers with a stock price…