The Dow Jones Industrial Average lost more than 100 points out the gate this morning, investors preparing for higher unemployment levels in the United States.
Yesterday, the Labor Department said that more than 6.3 million people applied for unemployment benefits. Today, the official jobs report was off in terms of reality. The official rate jumped from 3.5% to 4.4%. However, private reports suggest that the real rate is somewhere north of 10%. More news on the coronavirus crisis below.
Here are the numbers from Thursday for the Dow, S&P 500, and Nasdaq:
Now let's take a look at what I consider to be the most important market events to start your day.
Get Your Buy List Ready: COVID-19 has crushed markets, but stocks will bounce higher. This is a once-in-a-lifetime chance to get into great companies at historically low prices, so put these stocks on your buy list now...
The Complete Guide: The coronavirus has erased trillions of dollars from global markets, yet this can be one of the most important wealth-building moments in your life - if handled correctly. Here's what to do...
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