About: http://data.cimple.eu/news-article/01b002fc14031692ce52db823e86cb6e2a8d05c53a9b48bdb1684c87

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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 opened sharply lower Thursday after another spike in US jobless claims amid worries over rising coronavirus cases in some states that have reopened their economies. About 35 minutes into trading, the Dow Jones Industrial Average stood at 26,138.71, down 3.2 percent, or about 850 points. The broad-based S&P 500 shed 2.7 percent to 3,105.14, while the tech-rich Nasdaq Composite Index fell 2.1 percent to 9,811.49. The Nasdaq has closed at records the last three days amid a major rally by US stocks following their March plunge. But some analysts believe traders have overestimated the likely economic rebound following coronavirus shutdowns. Despite moves to reopen businesses nationwide, another 1.54 million US workers filed for unemployment benefits last week, the Labor Department reported, bringing the total initial claims since the shutdowns began in mid-March to 44.2 million. The figure was lower than last week's jobless claims, but a gloomy reminder of the headwinds facing the US economy. On Wednesday, Federal Reserve Chief Jerome Powell highlighted the uncertainty of the outlook after the central bank signaled it expects to keep interest rates lower for the next few years. Analysts also pointed to rising coronavirus cases in some states that have reopened, a trend that could depress economic activity even if it doesn't result in more lockdowns. Among individual companies, Grubhub rose 5.7 percent after agreeing to be acquired by Anglo-Dutch meal delivery firm Just Eat Takeaway.com for $7.3 billion, which would form the world's largest online food delivery company outside of China. jmb/cs
schema:headline	US stocks open sharply lower amid worries over economy, virus
schema:mentions	S&P 500 Index Jobless claims Unemployment benefits Protest Dow Jones Industrial Average Federal Reserve Australian Labor Party Virus China Coronavirus Takeaway.com Online food ordering Grubhub Just Eat Jerome Powell NASDAQ Composite Microsoft Outlook
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-06-11 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	62 (xsd:integer)
http://data.cimple...tology#hasEmotion	fear

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