US stocks fell Thursday as investors reacted to another dismal jobless-claims report.- 3 million Americans filed for unemployment last week, bringing the eight-week total to more than 36 million.
- Geopolitical tensions escalated after President Trump $4 the nation's relationship with China.
- $4.
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$4, more than the consensus forecast from economists. The eight-week jobless-claims total is now than 36 million. Still, it marked the sixth straight week of declines for the measure.
"Although the initial deluge of unemployment claims is slowing, the labor market likely has further to fall as states chip away at backlogged claims, and employers navigate reopening amid a continued health crisis," Daniel Zhao, an economist at Glassdoor, told Business Insider. "We're not out of the woods yet."
Here's where US indexes stood shortly after the 9:30 a.m. ET market open on Thursday:
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The losses are a continuation from stock-market weakness on Wednesday. Major equity indexes dipped after Federal Reserve Chairman Jerome Powell said the US economy could be $4 takes place.
House Democrats have proposed an $4 which would extend further relief, though it faces opposition in the Republican-controlled Senate. A vote likely won't come before Friday.
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There are also signs of rising trade tensions between the US and China. President Donald Trump said in an $4 the nation's relationship with China. He also said that he does not want to talk to Chinese President Xi Jinping right now.
Oil rose following a monthly report from the International Energy Agency saying there are $4 in the market. $4 climbed as much as 5.8%, to $26.75 a barrel. International benchmark $4 rose 4.7%, to $30.55, at intraday highs.
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