The Dow Jones Industrial Average fell 148 points, or 0.58 percent, while the S&P 500 slipped 0.21 percent.
About 41 million people have now applied for aid since the virus outbreak intensified in March, though not all of them are still unemployed.
The sudden loss in income is causing a growing number of Americans to tap their retirement savings accounts.
Some have reportedly mistaken their Economic Impact Payment debit cards as junk mail after being confused by the envelope.
U.S. equity markets slipped Friday but registered solid weekly gains as investors focused on the reopening of the American economy while also keeping tabs on Chinese President Xi JInping's efforts to tighten his grip over Hong Kong ahead of the Memorial Day weekend.
U.S. equity markets slipped Thursday as investors weighed the pace of the economic recovery after job losses tied to COVID-19 remain elevated.
Roughly 38.6 million people have now filed for jobless aid since the coronavirus forced millions of businesses to close their doors and shrink their workforces, the Labor Department said Thursday.
U.S. equity markets maintained gains Wednesday even though the Federal Reserve, in the April minutes, warned the coronavirus may carry 'considerable risk' for the U.S. economy.
More than 4 million Americans have entered into forbearance agreements.
The IRS is adding 3,500 phone representatives to handle a flood of calls from taxpayers waiting for their stimulus checks.
Stocks and retirement accounts tanked when the pandemic forced shutdowns worldwide, but the U.S. economy reopening has markets trending up.
U.S. equity markets closed lower across the board giving up earlier gains as investors took profits and reassessed the progress of a potential coronavirus treatment.
If you’re one of the millions of Americans making less or receiving unemployment benefits because of the coronavirus pandemic, you’re probably working to recalibrate your finances.
The rapid and uncontrolled spread of coronavirus has generated levels of fear, uncertainty and volatility that can make sound investing decisions difficult.
Bipartisan Policy Institute estimated that the depletion date would jump from 2035 to 2029.
U.S. equity markets soared Monday after drugmaker Moderna announced progress toward a COVID-19 vaccine and as lockdowns continued to ease nationwide.
The Dow Jones Industrial Average climbed 60 points, or 0.25 percent, while the S&P 500 and the Nasdaq Composite rose 0.39 percent 0.79 percent, respectively.
U.S. equity markets curbed losses and finished at session highs as financials led on renewed M&A speculation and comments from President Trump signaled the U.S. could have a coronavirus vaccine by year-end.
Many major auto insurance companies in the U.S. are offering policyholders some sort of refund or credits.
U.S. equity markets slid Tuesday as members of President Trump's task force on the coronavirus testified before Congress signaling that virus risks remain as states reopen for business. Additionally, the CDC disclosed fresh data that showed an uptick in U.S. cases of the virus.