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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	A sell-off on Wall Street accelerated after midday Thursday with stocks pulling back from record levels on rising worries about increasing coronavirus cases in some states. The Dow Jones Industrial Average was down more than 1,400 points, or 5.2 percent at around 1645 GMT, falling to 25,584.80. The broad-based S&P 500 slumped 4.3 percent to 3,052.48, while the tech-rich Nasdaq Composite Index shed 3.5 percent to 9,666.24, threatening a three-day streak of new records. After weeks of focusing on the positive side of reopening the US economy, investors on Thursday shifted attention to rising coronavirus cases in some states that have reopened, including Texas and Arizona. Treasury Secretary Steven Mnuchin said on CNBC the government would not waiver from its push to get businesses operating, saying "We can't shut down the economy again." But investors fear rising case counts could depress economic activity even if authorities decline to resume the lockdowns. "It's concerning that a lot of states are seeing a spike in rates," said LBBW's Karl Haeling. "It's hard to interpret whether that represents a real increase, or just the fact that more states are testing people now." The Labor Department reported that another 1.54 million US workers filed for unemployment benefits last week, bringing the total initial claims since the shutdowns began in mid-March to 44.2 million, although some have returned to work. The figure was lower than last week's jobless claims, but a gloomy reminder of the headwinds facing the US economy. Federal Reserve Chief Jerome Powell on Wednesday highlighted the uncertainty of the outlook after the central bank signaled it expects to keep interest rates low for the next few years. jmb/hs
schema:headline	Dow falls more than 5% as US stock sell-off accelerates
schema:mentions	United States Secretary of the Treasury Steven Mnuchin S&P 500 Index Jobless claims Unemployment benefits Dow Jones Industrial Average CNBC Federal Reserve Australian Labor Party Arizona Texas Severe acute respiratory syndrome coronavirus 2 Landesbank Baden-Württemberg Jerome Powell NASDAQ Composite Microsoft Outlook Greenwich Mean Time
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	positive sentiment
http://data.cimple...readability_score	62 (xsd:integer)
http://data.cimple...tology#hasEmotion	fear

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