Nasdaq positive for year | 33.5 million jobless claims | Is meat supply in danger?

The Nasdaq turned positive for 2020 on Thursday, boosted by Big Tech stocks.

VIEW IN BROWSER | SUBSCRIBE THU, MAY 07, 2020 EVENING BRIEF AS OF THU, MAY 07, 2020 • 04:30 ET DJIA 23875.89 +0.89% +211.25 S&P 500 2881.19 +1.15% +32.77 NASDAQ 8979.66 +1.41% +125.27   Most Active DOW NAME LAST CHG %CHG PFE 36.96 -1.17 -3.07% BA 128.65 +6.79 +5.57% AAPL 303.74 +3.11 +1.03% S&P 500 NAME LAST CHG %CHG GE 6.11 +0.13 +2.17% NCLH 12.00 +0.88 +7.91% F 4.87 UNCH UNCH NASDAQ NAME LAST CHG %CHG AAL 9.54 +0.29 +3.14% AMD 51.95 -0.21 -0.40% UAL 22.75 -0.16 -0.70% EDITOR'S NOTE Despite a constant barrage of frightening economic news, one of the stock market's major indexes is showing a gain for the year.   The Nasdaq notched a 0.8% year-to-date gain as of Thursday's close. Meantime, the Dow Jones Industrial Average and the S&P 500 are still posting substantial year-to-date losses.   Big Tech is the big winner in the coronavirus crisis, and not just because the stay-at-home world has come to rely even more upon its services.   "They might have become more immune to government regulation," wrote Ed Yardeni, president and chief investment strategist at Yardeni Research. "They have great balance sheets and generate lots of cash flow." All the major indexes posted gains on Thursday, despite another grim report tallying millions of lost jobs.   Weekly jobless claims totaled 3.169 million, bringing the tally to 33.5 million over the past seven weeks.   The stock market's gains show investors are clearly looking past these numbers. Said Peter Boockvar, chief investment officer at Bleakley Advisory Group, "We can now start analyzing the pace of reopenings, the level of business and what that new reality will look like."   Subscribe to CNBC PRO for exclusive insights and analysis, and live business day programming from around the world. Al Lewis | CNBC Markets Editor @tellittoal TOP NEWS  Nasdaq Composite turns positive for the year US weekly jobless claims total 3.169 million, bringing seven-week tally to 33.5 million More people are collecting unemployment than expected, pointing to April job losses above 20 million The meat supply chain is broken. Here's why shortages are likely to last during the coronavirus pandemic Track the latest coronavirus news here Oil drops, erasing earlier gains Facebook will allow most employees to work from home through end of 2020 World's largest ethanol producer forced to find a new market — hand sanitizer 'Bubble' stocks like Beyond Meat and Peloton were supposed to blow up, but the opposite happened Justice Department drops criminal case against former Trump aide Michael Flynn     TOP VIDEO Secretary of State Mike Pompeo on rising US-China tensions over handling of coronavirus   CNBC PRO More bat viruses are coming so buy these biotechs, Jefferies says   SPECIAL REPORTS Gold and its underlying ETFs have more room to run, traders say Beyond Meat surges, but it's not the only stock in the alt-meat craze   Unsubscribe Manage Newsletters Terms of Service Join the CNBC Panel Digital Products Feedback Privacy Policy   © 2020 CNBC LLC. All rights reserved. A property of NBCUniversal. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis. Data also provided by THOMSON REUTERS