Dow falls 354 points as a surprise rise in jobless claims spurs economic worry | Markets Insider

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Dow falls 354 points as a surprise rise in jobless claims spurs economic worry

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"The economy does not seem to be on sound footing anymore and the with high uncertainty with the direction of the coronavirus, businesses will likely struggle to justify hirings," said Edward Moya, a senior market analyst at Oanda. Investors also watched for signs that Congress will announce more stimulus measures to replace the $600 weekly unemployment benefit set to expire at the end of July.with the White House on legislation, setting the stage for talks with Democrats.

 

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Them claims number we’re ugly... and next weeks numbers will be worse!

Not a problem for all my long term investors out there. Invest with a long time horizon in mind. Don’t try to time the market. Time in the market (with good ETFs) always beats meatier timing!

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