Dow futures point to a modest drop at Thursday's open ahead of what's expected to be another extraordinary number of Americans filing for unemployment benefits.
early Thursday on expectations that OPEC and its allies would agree to a production cut at a meeting later in the day.A framing art gallery is closed in Venice Beach, California' during the COVID-19 novel coronavirus.to have filed for first-time jobless claims last week, reflecting a larger swath of the country now under state stay-at-home orders. Together with the claims filed in the past two weeks, the total could now surpass 15 million.
But that number is still probably millions shy of the number of workers who may have already lost their jobs as the economy abruptly shut down due to the coronavirus crisis. The unemployment claims report for the week ended April 4, is expected at 8:30 a.m. ET on Thursday. It would be the third in a row to show millions of Americans filing claims. In the last two reports, a total 10 million workers had filed for state unemployment benefits.
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