Stocks extend losses as another 1.5M Americans file for unemployment

Jessica Menton, USA TODAY Published 9:40 a.m. ET June 18, 2020 | Updated 1:18 p.m. ET June 18, 2020CLOSE Where does the U.S. stimulus money come from? Here’s how the Federal Reserve is saving the economy from the COVID-19 crisis. USA TODAYStocks flipped between small gains and losses Thursday as fresh worries over coronavirus outbreaks in…

Stocks extend losses as another 1.5M Americans file for unemployment

Jessica Menton, USA TODAY
Published 9:40 a.m. ET June 18, 2020 | Updated 1:18 p.m. ET June 18, 2020CLOSE

Where does the U.S. stimulus money come from? Here’s how the Federal Reserve is saving the economy from the COVID-19 crisis.

USA TODAYStocks flipped between small gains and losses Thursday as fresh worries over coronavirus outbreaks in the U.S. and another wave of layoffs tempered hopes for a fast economic recovery from the pandemic.The Dow Jones industrial average slid 50 points, recouping some losses after falling about 271 points in early trading. The Standard & Poor’s 500 dipped 0.1%, on pace for its second consecutive day of losses as battered airlines and retailers slumped. About 1.5 million workers filed applications for unemployment benefits last week, the Labor Department said Thursday. That pushes the running tally of those who have made initial claims over the past 13 weeks to a 45.7 million. First-time claims are a reliable gauge of layoffs.”New claims for unemployment benefits remain elevated at 1.5 million but have declined for 11 straight weeks. But the decline of just 58,000 feels less like an improvement than
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