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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%.
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The Dow Jones faces more resistance today.
Markets had a rough start to the second quarter in response to the coronavirus outbreak, and it does not look like it's getting much better.
We don't know how long this will last, but the unemployment numbers show we're not over the hill yet.
Today, we'll discuss what you need to know moving forward.
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The Dow Jones Industrial Average is declining again to start the second quarter. The slump comes after the U.S. market experienced its worst quarter in recorded history.
The March decline alone was the worst of any month since the October 2008 crash.
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The Dow Jones Industrial Average remains volatile on the spread of coronavirus today.
Investors appear to be embracing the White House's approach to coronavirus containment after President Trump ordered social distancing measures stretch through April 30.
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The Dow Jones Industrial Average could be in for another dramatic week as the coronavirus spreads across the U.S.
There is speculation that the Federal Reserve may consider unprecedented actions to support U.S. companies, including the purchase of stocks.
More on what's moving the Dow today, below.
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The Dow Jones Industrial Average dropped more than 600 points at open today.
This comes after a three-day stretch that technically ended the Bear Market.
However, it’s clear that we’re witnessing a head fake for the markets.
Investors now face a significant challenge on the horizon as the U.S. economy shuts down to address the spread of coronavirus.
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The Dow Jones Industrial Average faces a battle today after the U.S. Department of Labor reported more than 3 million jobless claims.
They expected 1.5 million.
The Great Recession jobless peak was 665,000.
The ongoing coronavirus crisis has decimated the hospitality, retail, restaurant, and airline industries, in addition to secondary businesses that cater to these sectors.
Read on for details.
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The Dow Jones Industrial Average ticked higher to start Wednesday after Congress agreed to a $2 trillion "war-time" stimulus package aimed at supporting the U.S. economy during the coronavirus crisis.
Read for more on the Senate's agreement with the White House...
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The Dow Jones Industrial Average is getting a boost this morning with lawmakers ready to pass a relief measure in response to COVID-19.
Yesterday, the Senate failed for the second time to reach a deal. That pushed the Dow to multi-year lows.
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The Dow Jones Industrial Average could see big swings this week on the Federal Reserve's efforts to save the American economy.
The U.S. central bank announced a number of new programs to address the systemic challenges faced during the coronavirus pandemic.
These programs include another $300 billion in lending for Main Street businesses, plans to purchase mortgage-backed securities, and more Treasury purchases.
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