- The Dow Jones fell over 665 points to close a turbulent week.
- The US stock market struggled as New York and California went into lockdown, while Trump closed the Mexican border.
- Dow bulls are wincing ahead of a historic jump in U.S. jobless claims. One chart from ING shows how brutal it could be.
The Dow Jones Industrial Average (DJIA) tumbled into the closing bell on Friday. Stock market bulls are bracing for a wave of brutal economic data , with Goldman Sachs slashing its GDP forecast and ING anticipating that jobless claims will surge to unprecedented levels .
Not even an unexpectedly-strong housing sales report could bolster risk sentiment. That data release is ancient history given the spread of coronavirus and only highlights how ugly the housing market could get in the months ahead.
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