Daily Wrap

Initial Claims showed that 4.427 American’s filed for unemployment, or 26 million over the last 5 weeks. Today was the first of the initial claims Thursday’s that the S&P didn’t close higher, but the Dow did. 3/26 – 3.31mm jobless, S&P +6.24%, Dow +6.38% 4/02 – 6.87mm jobless, S&P +2.28%, Dow +2.24% 4/09 – 6.62mm jobless, S&P +1.45%, Dow…