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An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	Wall Street stocks finished mostly lower Thursday, ending a rally after weekly labor data showed another spike in unemployment ahead of the official May jobs report. The Dow Jones Industrial Average mustered a 0.1 percent gain to close the day at 26,281.82. The broad-based S&P 500 fell 0.3 percent to 3,112.35, while the tech-rich Nasdaq Composite Index shed 0.7 percent to 9,615.81. Another 1.9 million people applied for jobless claims last week, the Department of Labor reported, taking the total to more than 42 million in the wake of coronavirus shutdowns. The figures were a grim omen for Friday, when the Labor Department releases the all-important May jobs report that will likely show national unemployment increasing to closer to 20 percent from 14.7 percent in April, the highest unemployment rate in 90 years. Stocks have risen considerably from March lows despite a grim near-term economic outlook as investors cheer moves by states to reopen economies together with aggressive US Federal Reserve policies to keep financial markets flush with cash. The European Central Bank surprised with a bigger-than-expected boost to their pandemic emergency bond-buying scheme, adding 600 billion euros and extending it until mid-2021. The market "went a little overboard," said Peter Cardillo of Spartan Capital Securities, adding that, "Tomorrow's unemployment numbers are going to be ugly." American Airlines surged 41.1 percent as it announced it would add more flights in July on improving demand, suggesting the industry had seen the worst of the hit from the coronavirus shutdowns. Delta Airlines and United Airlines both jumped around 15 percent. EBay surged 6.3 percent as it lifted its full-year profit and revenue targets, citing surging traffic on its online selling platform. jmb/cs
schema:headline	S&P, Nasdaq finish lower, ending rally ahead of jobs report
schema:mentions	European Central Bank S&P 500 Index Jobless claims The Tomorrow Show Protest Dow Jones Industrial Average American Airlines EBay United Airlines Federal Reserve Australian Labor Party Delta Air Lines Pandemic Coronavirus Church grim NASDAQ Composite Microsoft Outlook
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-06-04 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	67 (xsd:integer)
http://data.cimple...tology#hasEmotion	sadness

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