Stock market attempts a rally amid record-shattering unemployment figures
Wall Street attempted a rally Thursday morning, despite record-breaking unemployment claims that revealed the extent to which the economy has ground to halt due to the coronavirus pandemic.
The Dow Jones Industrial Average was up by around 330 points at the opening bell. The S&P 500 and the Nasdaq also ticked up a notch, trading higher by around 1.4 percent.
The stock slide came after data from the Department of Labor showed a staggering 3.28 million Americans filed for unemployment last week, the first official snapshot of the economic damage wrought by the virus.