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Thursday, July 23, 2020
Rough Day on the Stock Market Due to Increasing Unemployment Job Claims
The Labor Department was expecting around 1.3 million new unemployment job claims and the report had came out earlier today with 1.416 on new job unemployment claims. An increase of 1.09 percent than what the Labor Department was expecting and has been driving the US markets down for today (7/23//20). Tech stocks are slumping with Apple (AAPL), DOW (DOW) and Microsoft (MSFT) leading the decline on the DOW.
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