Dow drops 250 points in 4th straight day of losses after dismal unemployment data

[tacobell fan]

Stocks fell on Thursday after the latest jobless data underscored the coronavirus’ devastating toll on the U.S. economy.

Dow Jones Industrial Average futures fell 330 points, implying an opening loss of about 320 points. S&P 500 futures traded about 0.9% lower and Nasdaq 100 futures dipped 0.8%. The 30-stock Dow is headed for its fourth straight day of losses, while the S&P 500 is on track for its third consecutive negative session. 

 

The Labor Department reported Thursday a total of 2.981 million Americans filed unemployment insurance during the week ending May 9. The number came in worse than expectations of 2.7 million new claims, according to economists polled by Dow Jones.

The new claims also brought the coronavirus crisis total to nearly 36.5 million over the past two months, by far the biggest loss in U.S. history. A record of 20.5 million jobs were lost in April alone as the coronavirus-induced economic shutdown tore through the economy, sending the unemployment rate skyrocketing to 14.7%.

[veeraveeraleaks]

thatha will save economy antunna yerri fruit pans...

 

[r2d2]

meanwhile..

 

[sri_india]

Just now, veeraveeraleaks said:

thatha will save economy antunna yerri fruit pans...

 

Bro endi market situation... Monnati varaku bagane perigindi gaa why sudden gaa change??

[sri_india]

Just now, r2d2 said:

meanwhile..

 

Vaccine end of the year antee... Eee lopu eee promising medicine kuda levu... Opening entraa thatha

[veeraveeraleaks]

4 minutes ago, sri_india said:

Bro endi market situation... Monnati varaku bagane perigindi gaa why sudden gaa change??

no hope bro. Worst is coming. Elections and pandemic on horizon. its not good.

Stay away from stock market for atleast another quarter. 

[tacobell fan]

7 minutes ago, veeraveeraleaks said:

no hope bro. Worst is coming. Elections and pandemic on horizon. its not good.

Stay away from stock market for atleast another quarter. 

Airlines ki one more package ippinchandi saar

[veeraveeraleaks]

3 minutes ago, tacobell fan said:

Airlines ki one more package ippinchandi saar

yenni icchina saripovu aaaa lamb dks ki....They will still show losses

[tacobell fan]

4 minutes ago, veeraveeraleaks said:

yenni icchina saripovu aaaa lamb dks ki....They will still show losses

deep pockets antava

[LadiesTailor]

People won’t fly as before... obvious losses and ripple effect... yeah stay away for some time and don’t fall for this trap 

[Pitta]

[SwamyRaRa]

Ltt

[hydusguy]

best time to make profits

[veeraveeraleaks]

4 hours ago, tacobell fan said:

deep pockets antava

deep ante gurthu vacchindhi....Air hostess la deep cleavage missing annai...

[AndhraneedSCS]