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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	Cautious optimism on Wall Street propelled US stocks to a positive finish on Friday, despite mounting evidence of the coronavirus pandemic's deep damage to the American economy. At the closing bell, the Dow Jones Industrial Average was up 1.1 percent at 23,775.27. The broad-based S&P 500 climbed 1.4 percent to end at 2,836.74, while the tech-rich Nasdaq finished 1.7 percent higher at 8,634.52. However Wall Street finished the five-day stretch negative overall, with the Dow losing 1.9 percent over the course of a week that began tumultuously as the US benchmark oil price crashed into negative territory for the first time as traders tried to unload futures contracts amid a supply glut. Labor Department data released on Thursday showed the coronavirus cutting deeply into employment, with the number of new jobless claims rising to around 26 million since mid-March. Meanwhile the Congressional Budget Office on Friday predicated the US economy would contract by 12 percent in the second quarter, with the unemployment rate hitting 14 percent. And with the near total shutdown of airline travel, the Commerce Department reported that new orders for durable goods plunged 14.4 percent, largely driven by cancellations of orders for Boeing aircraft. Karl Haeling of LBBW said there was no clear reason for why stocks nonetheless staged a mild rally on Friday after a flat finish the day before. However it seemed traders had grown used to the gloomy forecasts and were heartened by Congress's passage of a bill providing an additional $483 billion of government funds to rescue small businesses. "The market is now comfortable with the second quarter being absolutely horrible," he said. "It's a time issue about when the activity will start back up." cs/hs/acb
schema:headline	US stocks finish positive amid virus optimism, Dow +1.1%
schema:mentions	Closing Bell Liga ACB S&P 500 Index Jobless claims Dow Jones Industrial Average 2010 Tarco Airlines Antonov An-24 crash Congressional Budget Office Australian Labor Party United States Congress Rallying Pandemic Virus United States Landesbank Baden-Württemberg United States Department of Commerce NASDAQ Composite
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-04-24 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	65 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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