US stocks slide as dismal unemployment data offsets new economic stimulus | Markets Insider

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US stocks slide as dismal unemployment data offsets new economic stimulus

US stocks sank Thursday as another round of dismal weekly jobless-claims data offset new economic stimulus efforts in Europe. , the Labor Department said Thursday. That exceeded the median economist estimate.

Continuing claims, which represent the aggregate total of people actually receiving unemployment benefits, also came in higher than expected. Overseas, the European Central Bank boosted its emergency stimulus by $676 billion in an increased effort to combat coronavirus economic fallout.US stocks sank Thursday as yet another week of dismal jobless claims data offset a new round of

 

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