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US jobless claims hit more than 3M in one week, Nevada claims spike

U.S. Department of Labor figures released Thursday shattered the record for the greatest number of new unemployment claims filed in a single week in October 1982. In Nevada, more than 93,000 people claim unemployment insurance benefits the week of March 15.

Markets on track for first 3-day rally in 6 weeks

The SP 500 was up 4.6%, continuing a rally that has vaulted the index 16% higher since Monday on rising expectations that Congress will soon approve an unprecedented rescue package for the economy.

G20 leaders meet virtually Thursday to coordinate virus response

The meeting comes amid criticism that the world’s wealthiest countries have not taken cohesive action to combat the virus or its economic impact on people around the world.

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