Stocks open slightly higher, even after the government said 4.4 million more workers filed for unemployment benefits last week as layoffs sweep the U.S. economy.
A man wearing a mask against the spread of the new coronavirus walks past an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Thursday, April 23, 2020. Asian shares rose moderately Thursday following a rally on Wall Street and even oil prices recovering from their recent plunge to zero.
After Asian markets largely closed higher, France’s CAC 40 stock index rose 0.4%to 4,428. Germany’s DAX fell 0.2% to 10,399 and Britain’s FTSE 100 was flat at 5,768. U.S. shares appeared set for a quiet open, with Dow industrials futures down 0.2% and S&P 500 futures steady. Investors are still bracing for a severe, painfully deep recession after businesses shut down worldwide in hopes of slowing the spread of the coronavirus. Surveys of business managers in Europe showed a record fall in activity.
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