1. Dow set to fall ahead of an expected bleak report on unemployment
A person wearing a face mask walks along Wall Street after further cases of coronavirus were confirmed in New York City, New York, U.S., March 6, 2020.
Andrew Kelly | Reuters
Dow futures were pointing to about a 200-point drop at Thursday’s open ahead of what is expected to be another extraordinary number of Americans filing for unemployment benefits. Later in the morning, Federal Reserve Chairman Jerome Powell talks at a Brookings Institution webinar about the central bank’s coronavirus intervention measures. The stock market is closed Friday in observance of Good Friday. On Wednesday, the Dow Jones Industrial Average gained nearly 780 points, or 3.4%, after Sen. Bernie Sanders dropped out of the Democratic presidential nomination race. It relieved some of Wall Street’s political concerns as daily increases in U.S. and global coronavirus cases have slowed since last Friday. The Dow, as of Wednesday’s close, was…
