A jump in jobless claims back above 1 million could be a warning that the labor market faces a setback and the economy's comeback could be slowing.
| THU, AUG 20, 2020 | | | DOW | NAME | LAST | CHG | %CHG | INTC | 49.17 | +0.84 | +1.74% | AAPL | 473.10 | +10.27 | +2.22% | MSFT | 214.58 | +4.88 | +2.33% | |
| S&P 500 | NAME | LAST | CHG | %CHG | GE | 6.27 | -0.11 | -1.72% | INTC | 49.17 | +0.84 | +1.74% | BAC | 25.10 | -0.40 | -1.57% | | | NASDAQ | NAME | LAST | CHG | %CHG | INTC | 49.17 | +0.84 | +1.74% | AMD | 82.77 | +1.68 | +2.07% | AAL | 12.50 | -0.18 | -1.42% | | | | The stock market may be back at records, but the labor market is still in rough shape. Weekly jobless claims for the week ended Aug. 15 totaled just over 1.1 million. Economists polled by Dow Jones expected them to come in at 923,000. "The modest jump is a stark reminder that claims will likely encounter some turbulence as they fall rather than gliding in for a soft landing," said Daniel Zhao, senior economist at Glassdoor. |
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