About: http://data.cimple.eu/news-article/85bfd7ecaf64599b6fbae68f4564ba66f8628ef543d64598c75a649c

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rdf:type	schema:NewsArticle
schema:articleBody	Wall Street stocks mostly rose early Thursday even as new economic data showed another spike in US unemployment and a big drop in homebuilding. About 15 minutes into trading, the Dow Jones Industrial Average stood at 23,422.16, down 0.4 percent. The broad-based S&P 500 advanced 0.4 percent to 2,794.86, while the tech-rich Nasdaq Composite Index jumped 1.1 percent to 8,484.58. Another 5.2 million US workers filed for unemployment benefits last week, the government reported Thursday, taking the three-week total to 22 million jobs in the wake of sweeping lockdown measures to contain the coronavirus. US housing starts fell 22.3 percent in March, while permits for new construction fell 6.8 percent, according to housing data. "The market is going to have to get accustomed to seeing some lousy economic data in coming weeks," said Briefing.com analyst Patrick O'Hare. "To be fair, it knows that already, which is why the fallout today (and even yesterday) isn't as pronounced as one might think." Stocks have mostly risen the last three weeks as the coronavirus case trend has leveled in New York and some other hotspots and investors anticipate a boost from unprecedented government stimulus measures. Still, many analysts view the gains as unjustified given the severity of the economic downturn. jmb/dw
schema:headline	US stocks open mostly up despite bad economic data
schema:mentions	Homebuilt aircraft O'Hare International Airport S&P 500 Index Unemployment benefits Dow Jones Industrial Average Patrick Star Lockdown New York City Coronavirus Data warehouse NASDAQ Composite
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-04-16 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	55 (xsd:integer)

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