Finance

Dow up 900, jobless claims top 3 million, stimulus bill to House

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Stocks attempted their third days of gains on Thursday, with investors looking past the release of record-breaking initial jobless claims while the Senate passed a massive economic stimulus bill amid the coronavirus outbreak. The Labor Department said unemployment benefit claims soared to 3.28 million last week. Despite this record number, the Dow surged more than 1,100 points at its session high. That brings the 30-stock averages’ three-day gain to about 20%. The S&P 500 and Nasdaq also rose sharply on Thursday. 

1:48 pm: Italy virus cases accelerate

The number of confirmed cases of the coronavirus in Italy rose by more than 6,100 to…



Source cnbc.com

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