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Showing posts with the label 5 things to know before the stock market opens Thursday

5 things to know before the market opens

Matthew J. Belvedere 4-6 minutes - Source: CNBC 1. Dow points to a lower open after first back-to-back gains since February A man walks by the Wall Street subway sign on March 23, 2020 in New York City. Angela Weiss | AFP | Getty Images U.S. stock futures gave up overnight gains and pointed to about 400-point loss for the Dow Jones Industrial Average at Thursday’s open. The Senate late Wednesday unanimously approved a historic $2 trillion coronavirus economic relief package, but 1 million to 4 million Americans are expected to have filed for unemployment benefits last week. The weekly jobless claims report is issued at 8:30 a.m. ET. The Dow on Wednesday gained over 2%, with Boeing ’s 24% pop and Nike ’s 9% gain adding strength. Tuesday’s 11% advance for the Dow was the best session since 1933. The two-day advance was the Dow’s  first back-to-back gains this month. However, heading into Thursday, the Dow was still more tha