Markets Live Recap: Dow Turns Negative After President Trump Announces China Conference

Another 2.13 million Americans filed for unemployment over the past week, once again outpacing Wall Street's estimate of 2.05 million. That means, nearly 41 million Americans have submitted jobless claims since the coronavirus pandemic gripped economies around the world. That news was overshadowed by the by the four million people who discontinued their unemployment benefits over the same timeframe. Continuing jobless claims fell from 25 million last week to 21 million this week. That's largely due to states reopening their economies to various extents. Stocks rallied for most of the trading session, with the Dow up 0.8% mid-day. But then the big news of the day occurred at the end, when President Trump announced he will be giving a news conference regarding the China situation with Hong Kong tomorrow. Here's what our experts - Chris Johnson and Shah Gilani - saw throughout Thursday's volatile trading session. The post Markets Live Recap: Dow Turns Negative After President Trump Announces China Conference appeared first on Money Morning - We Make Investing Profitable . Read more... To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2020 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201.