[EXPLAINED] WHY DID HIGH UNEMPLOYMENT HELP THE STOCK MARKET?

A record 3.28 million Americans filed for unemployment benefits last week as the coronavirus pandemic shut down much of the country. The Labor Department’s report for the week ended March 21 was one of the first official indicators of how many people have suddenly been forced out of work nationally. So why did the stock market push up today after this bad news, a lot of it has to do with expectation and how the stock market already anticipated this!

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