Stocks tumbled Thursday as new jobless claims rose more than anticipated, undermining confidence in an economic recovery threate

Stocks tumbled Thursday as new jobless claims rose more than anticipated, undermining confidence in an economic recovery threatened by spiking COVID-19 cases. Stocks slid Thursday as weekly unemployment claims rose more than anticipated, deepening market gloom after spikes in new COVID-19 cases undermined confidence in an economic recovery. Some 1.48 million people filed jobless claims in the week through June 20, according to the Labor Department. While that was 60,000 fewer than the week before, reflecting the reopening of businesses across the country, it still catapulted the number of positions lost since lockdowns to curb the pandemic's spread began to about 47 million. The blue-chip Dow Jones Industrial Average fell 101 points, or 0.4 percent. The broader S&P 500 dropped 0.19 percent and the tech-heavy Nasdaq Composite was little changed. More on this For more news, please go to FoxBusiness.com and watch Fox Business Network.

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