Stocks fell for a second day on Thursday as investors weigh the rising number of coronavirus cases in the U.S. and around the world along with disappointing unemployment data.
The Dow Jones Industrial Average traded 250 points lower, or 1%. The S&P 500 slid 0.6% while the Nasdaq Composite declined by 0.1%.
Initial U.S. weekly jobless claims rose more than expected last week, coming in at 1.508 million. Economists polled by Dow Jones expected a print of 1.3 million.
Airlines, retailers and cruise lines led the early declines. United Airlines fell by 2.8%. Delta and American dropped 1.9% and 3%, respectively. Nordstrom and Kohl’s both slid more than 1%. Carnival, Norwegian Cruise Line and Royal Caribbean traded lower by 4.2%, 2.1% and 1.3%, respectively.
Source: CNBC