The U.S. weekly jobless claims number increased another 3.17 million people (versus the 3.05 million expected by economists) today.
That brings the total to 33.5 million Americans unemployed over the last seven weeks.
Stocks shook off the news, however, as the Dow rallied 0.9%.
The Nasdaq rose 1.4% as investors buy into technology stocks that are less likely to be affected by government shutdowns.
Oil was up 10% in the first half of trading, but closed down 3% in a volatile session.
And interestingly enough, gold was up 2% while Bitcoin popped 6%.
Typically, gold is negatively correlated to stocks and goes down when the market goes up.
Here's why our experts – Chris Johnson, D.R. Barton, Jr., and Shah Gilani – think stocks are likely to experience more pain to come.
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