Weekly jobless claims surged to a record 3.28 million last week
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| | | 3/26/2020 | |
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| Dow Futures Slide After Record Spike in Jobless Claims | | By Lillian Currens | | Futures on the Dow Jones Industrial Average (DJI) are looking at triple-digit losses at the open, while Nasdaq-100 Index (NDX) and S&P 500 Index (SPX) futures are also swimming in red ink ahead of the bell. The record-setting surge in weekly jobless claims to 3.28 million is sending stock futures lower, right on the heels of an impressive two-day rally. As more businesses shutter their doors in an attempt to combat the rapidly spreading coronavirus, the massive spike in jobless claims comes as no surprise. Elsewhere, the historic stimulus bill has been unanimously passed by the Senate, and now awaits approval from the House. Continue reading for more on today's market, including: - The 25 best SPX stocks since 2009.
- What options traders, analysts are pricing in for KB Home stock ahead of earnings.
- Plus, Cheesecake Factory refuses to pay rent; GRPN shaken by CEO departure; and Signet Jewelers surges on earnings beat.
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