Nasdaq Drops 100+ at the Open as American, United Hope for More Federal Aid for Airlines
The stock market has been increasingly volatile, and even as major market benchmarks have recovered from their lows earlier this year, there are still big questions about what comes next for investors. On Thursday, though, the Nasdaq was down more than 100 points right out of the gate, and the Nasdaq-100 Index also saw similar declines on a percentage basis. Today's news that first-time claims for unemployment remained troublingly high didn't do much to inspire confidence that the economic damage caused by the COVID-19 pandemic will get fixed anytime soon.
