Stock Market Today: 53-Year-Low Jobless Claims Lift the Market
Stocks logged a broad advance Thursday in the wake of the smallest weekly jobless claims number since John Lennon called it quits with the Beatles.
The Labor Department reported just 187,000 initial unemployment claims for the week ended March 19. That was 28,000 less than last week's revised claims report and the lowest such figure since September 1969.
"Before the pandemic, the number was hovering around 220,000, and we saw a
