NEW YORK, April 16 — Wall Street stocks mostly rose early today even as new economic data showed another spike in US unemployment and a big drop in homebuilding. About 15 minutes into trading, the Dow Jones Industrial Average stood at 23,422.16, down 0.4 per cent. The broad-based S&P 500...
In this file photo a view of the New York Stock Exchange is seen on Wall Street on March 23, 2020 in New York City. — AFP pic
About 15 minutes into trading, the Dow Jones Industrial Average stood at 23,422.16, down 0.4 per cent. Another 5.2 million US workers filed for unemployment benefits last week, the government reported today, taking the three-week total to 22 million jobs in the wake of sweeping lockdown measures to contain the coronavirus.
“The market is going to have to get accustomed to seeing some lousy economic data in coming weeks,” said Briefing.com analyst Patrick O’Hare.
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