Dow Jones falls 200 points despite better-than-expected U.S. jobless claims

The Dow Jones Industrial Average fell more than 200 points early Tuesday despite better-than-expected U.S. jobless claims.

Scott Lehtonen for Investor’s Business Daily:

stocksAmong the Dow Jones leaders, Apple (AAPL) fell 0.3%, while Microsoft (MSFT) lost 0.1% in today’s stock market.

On Thursday, the Dow Jones Industrial Average fell 0.6%, while the S&P 500 moved down 0.55%. The tech-heavy Nasdaq composite reversed lower to fall 0.2% in morning trade.

Early Thursday, the Labor Department said initial jobless claims were better-than-expected at 709,000, down from 757,000 the week before. Econoday estimates expected 737,000 jobless claims.

Among the top Dow Jones stocks, Apple moved down 0.3% Thursday, extending Wednesday’s 3% advance. Shares continue to rebound from their 50-day line.

The blue-chip giant is the No. 1-performing Dow Jones stock for 2020, with a 62.8% advance through Wednesday’s close.

MacDailyNews Note: Since that report was filed, Apple shares have nosed into the green, up 11-cents to $119.60 (+0.09%). Obviously, U.S. jobless claims is good news for the macroeconomy which, in turn, is good news for Apple which has a slew of new products on the market just in time for Christmas shopping season!

57 Comments

  1. “Better-than-expected U.S. jobless claims.”

    Don’t worry, Dems, Biden will reverse that trend soon enough if the courts don’t nullify the widespread Democrat vote tampering and election fraud.

    That will make you Dems happy as you’ll have even more people dependent on tax dollars that you can try to control.

    #StopTheSteal

    “This claim about election fraud is disputed” by Twitter, a leftist propaganda/censorship machine.

    https://parler.com/profile/StopTheSteal

        1. He and the voters and states already did. Where’ve you been except in (non-existent) Conspiracy class? True to keep up. There is no fraud (except the one conservatives are trying to pull now), only wishful thinking on your part. Now do the honorable thing and bow to the wishes of the majority of Americans like we had to 4 years ago.

        2. He has. He won. Trump bears the burden of proof that Biden’s win was illegitimate.
          But while we’re on the subject… why didn’t Trump not show his taxes?
          Pick a lane!

      1. Too bad it won’t make a hill of beans difference. Once again conservatives trying to stop legitimate voters as a way to enhance their chances. Not very American. 20 more electoral votes won’t help Trump. Trump, like you, are total losers and nothing will change that. Go back into your kook cave, you’re not wanted here.

          1. BWAHAHAHAHAH! THIS MAKES NO DIFFERENCE!! TRUMP LOST!

            They don’t get any more country bumpkin stupid than inbred FOOLS like you. You’ve lost!. Give it up. Though it is fun watching you flounder and fester in your abject spectacular stupidity splendor. It’s hilarious that you think there’s still a chance and you know something no one else knows. Pride before fall hubris. Get on the train to Loserville where you belong.

          2. The ballots in this case are those cast by newly-registered voters who presented proof of their identity more than six but less than nine days after Election Day. There are not many of those, they have not been counted, and they are not included in the current total showing Biden over 50,000 ahead.

            1. “There are not many of those.”

              More than 20,000 absentee ballots in Pennsylvania have impossible return dates and another more than 80,000 have return dates that raise questions, according to a researcher’s analysis of the state’s voter database.

              Over 51,000 ballots were marked as returned just a day after they were sent out—an extraordinary speed, given U.S. Postal Service delivery times, while nearly 35,000 were returned on the same day they were mailed out. Another more than 23,000 have a return date earlier than the sent date. More than 9,000 have no sent date.

              Have a lovely evening, everyone. 🙂

            2. Sure, there were a lot of mail ballots cast in Pennsylvania… but they were not the subject of this lawsuit. It had nothing to do with the mail ballots. As I said above, it was about voters who registered on Election Day and cast a provisional ballot. Under state law, they had to produce ID no later than six days after the election in order for their ballots to be counted.

              The Secretary of State reasoned that since the receipt of mail ballots had been extended three days by the state Supreme Court, so should the deadline for sending in ID. There were very few IDs received after 6 days but before 9. The court held that the Secretary of State could not extend that deadline, so those few ballots were never counted.

              The opinion did not address the mailed ballots, as you and the rest of the anti-democracy party have suggested. The ballots received before the end of Election Day were authorized by the Legislature. Those mailed by then and received within three days were authorized by the Supreme Court. None of those votes were authorized by the Secretary of State acting alone. The mail ballots are a different question for another day.

            1. Sarah – you don’t get any more anti-American and unpatriotic than Republicans who have no platform, no desire to help other Americans, just only Republican leaders who bamboozle fools like you when enriching themselves and destroy our world in the process. And who genuinely want to steal the 2020 election by any means possible. When Trump won Hillary conceded very quickly and Trump given the time to plan (only he never plans) his presidency unlike what Trump has not extended thus far some 9 days after the election the same courtesy to Joe Biden. This is dangerous to our country.

              Republicans also couldn’t be any more wretchedly anti-democracy but embrace autocracy with theocratic overtones. The Founding Fathers would shoot all you misguided, low IQ, religious and simple-minded overweight and 2nd amendment obsessed boneheads on sight if they could. You are an unmitigated embarrassment to the U.S..

    1. JOINT STATEMENT FROM ELECTIONS INFRASTRUCTURE GOVERNMENT COORDINATING COUNCIL & THE ELECTION INFRASTRUCTURE SECTOR COORDINATING EXECUTIVE COMMITTEES

      “The November 3rd election was the most secure in American history. Right now, across the country, election officials are reviewing and double checking the entire election process prior to finalizing the result.

      “When states have close elections, many will recount ballots. All of the states with close results in the 2020 presidential race have paper records of each vote, allowing the ability to go back and count each ballot if necessary. This is an added benefit for security and resilience. This process allows for the identification and correction of any mistakes or errors. There is no evidence that any voting system deleted or lost votes, changed votes, or was in any way compromised.

      “Other security measures like pre-election testing, state certification of voting equipment, and the U.S. Election Assistance Commission’s (EAC) certification of voting equipment help to build additional confidence in the voting systems used in 2020.

      “While we know there are many unfounded claims and opportunities for misinformation about the process of our elections, we can assure you we have the utmost confidence in the security and integrity of our elections, and you should too. When you have questions, turn to elections officials as trusted voices as they administer elections.”

      https://www.cisa.gov/news/2020/11/12/joint-statement-elections-infrastructure-government-coordinating-council-election

  2. Why don’t you guys give it a rest? There is exactly as much actual evidence of this as that the vote totals were skewed by extraterrestrials.

    The more energy that is wasted on this, and the longer it takes, the less prepared the next administration (whoever heads it) will be to hit the ground running next January 20. The official report on the 9/11 attack put some of the blame on how Bush v. Gore delayed the 2001 transition so that the outgoing Clinton officials did not have time to adequately communicate the danger from Al Queda to the incoming Bush administration. What is falling through the cracks now while everybody is watching the freak show and not what is actually important?

    1. “Why don’t you guys give it a rest?”

      Translation: “Shut up and let us steal this presidential election.”

      The whole country went for Republicans down ballot, for Senate, the House, and in statehouses across the country, yet Biden miraculously “beat” Trump in the states he needed to “win” by a very slim margin in each. It’s not statistically plausible.

      Biden’s “lead” belongs to his narrow margins in just three states: Arizona, Georgia, and Wisconsin — a mere tally of combined 47,000 votes or so as of Wednesday morning.

      If litigation and fraudulent votes being discarded by the courts flip these states to Trump, there is a 269-269 tie that Trump wins in the House because Republicans control the majority of state congressional delegations.

      1. “ Why don’t you guys give it a rest?”

        Translation: “Shut up and let us steal this presidential election.”

        Wow

        ‘Why’ is not a command snowflake but it does ask the question many many want the answer to. I mean Trump is 1 for 12 in his scam legal moves which really, are just shoddy amateurish motions with no hope of success used as a sop to his base whilst he creams a percentage for himself out of his ‘defense’ funds.
        So yes, do yourself a favor, take a break, smell the coffee, get some fresh air. The mood has changed. Simply, if common sense is to be rewarded, there comes a time…you work it out

    2. Several Michigan residents — ranging from a city worker to a former state assistant attorney general — swear under penalty of perjury they witnessed significant and widespread election tampering in the city of Detroit.

      And by significant, they insist thousands of ballots were involved.

      Take, for instance, longtime city of Detroit employee Jessy Jacob, who provided among the most startling accounts.

      Jacob stated in an affidavit she personally witnessed — and in some cases was instructed — to backdate thousands of absentee ballots the day after the election to make them appear legal even though they were not in the Qualified Vote File and had not arrived by the deadline.

      “On November 4, 2020, I was instructed to improperly pre-date the absentee ballots receive date that were not in the QVF as if they had been received on or before November 3, 2020,” she testified. “I was told to alter the information in the QVF to falsely show that the absentee ballots had been received in time to be valid. I estimate that this was done to thousands of ballots.”

      Jacob’s claim is stunning. Not only does she risk perjury if she lied, she could lose her livelihood as a city worker.

      Jacob described how she was assigned to work the city’s election back in September and for weeks witnessed systemic election fraud and tampering with voters at multiple locations.

      “I processed absentee ballot packages to be sent to voters while I worked at the election headquarters in September 2020 along with 70-80 other poll workers,” her affidavit stated. “I was instructed by my supervisor to adjust the mailing date of these absentee ballot packages to be dated earlier than they were actually sent. The supervisor was making announcements for all workers to engage in this practice.

      “I directly observed, on a daily basis, City of Detroit election workers and employees coaching and trying to coach voters to vote for Joe Biden and the Democrat party. I witnessed these workers and employees encouraging voters to do a straight Democrat ballot. I witnessed these election workers and employees going over to the voting booths with voters in order to watch them vote and coach them for whom to vote.”

      https://justthenews.com/politics-policy/elections/thuammultiple-michigan-residents-swear-under-oath-they-witnessed

        1. Ooh, a nameless “top aide said” according to a UK tabloid which has also reported (front page, of course) that a “Werewolf was seized in London’s Southend; He fights cops on all fours.”

          Excuse me while I disregard.

          1. On Thursday, Nov. 12, the Republican Attorney General of Arizona said he saw no signs of anything unusual about the election. There were just a lot of voters who split their votes between Democrats for the top of the ballot and Republicans further down. As he pointed out, if the Democrats were trying to steal the election, they were curiously incompetent. The Maricopa County Registrar who supervised 60% of the state vote was an incumbent Democrat who lost his own race to a Republican challenger.

            1. One way President Trump would win his rightful re-election would be to have the Biden ballots being invalidated in Wisconsin, Arizona, and Georgia over fraud concerns. It wouldn’t take many ballots – about 45-50,000 combined in the three states. These votes would lead to a 269-269 tie that could bring this race into the House of Representatives. The GOP holds the advantage in House state delegations that would decide the election for President Trump.

              However, invoking the 12th amendment is actually an easier path for Republicans to pursue than more realize:

              I believe the current consensus is missing the fact that Trump has a second, viable stealthy road to victory. I’m reluctantly betting that the debate about who won will continue until at least January 6 when slates of electoral college members are opened in Washington, and most likely beyond that as whatever is decided then is appealed by the loser to the Supreme Court. My conclusion reflects the analysis of my colleague in the Applied History Network at the Belfer Center which is below.

              As he notes, this stealthy road follows in the footsteps of a number of previous contested American elections, especially the 1876 election that pitted Tilden v. Hayes. Then as now, each state must decide on a group of electors to meet with a joint session of Congress on January 6 where the winner of the presidential election is declared. The normal practice in a state where Biden won would be for state election officials to certify the results and send a slate of electors to Congress. But state legislatures have the constitutional authority to conclude that the popular vote has been corrupted and thus send a competing slate of electors on behalf of their state.

              The 12th Amendment to the Constitution specifies that the “President of the Senate shall, in the presence of the Senate and House of Representatives, open all the certificates and the votes shall then be counted.”

              That means that in the case of disputes about competing electoral slates, the President of the Senate — Vice President Pence — would appear to have the ultimate authority to decide which to accept and which to reject. Pence would choose Trump. Democrats would appeal to the Supreme Court.

              Graham T. Allison, Douglas Dillon Professor of Government at the Harvard Kennedy School, former Assistant Secretary of Defense for Policy and Plans (Clinton Administration)

            2. Professor Allison isn’t a lawyer. He is a retired expert on foreign policy perhaps best known for paying Wikipedia editors to insert his work into the footnotes. If he had ever served as the parliamentarian of a Kiwanis Club, he would be aware that presiding officers are not absolute monarchs. Rulings from the chair can be appealed, so it is not just left to the Vice President’s discretion which envelope to open. Nor do state legislatures have either the legal or political ability to substitute their judgment for that of the voters. If they do, it is going to be settled by the courts long before the Senate meets. The courts are going to require actual evidence beyond “I heard it on the Internet.”

      1. Right! Funny how ms Jacob didn’t say anything at the time, didn’t speak to supervisors or come forward to air her concerns at the time but only when Biden was predicted the winner? Credibility zero.
        Wayne County Circuit Chief Judge Timothy M. Kenny’s opinion denying an injunction locked in on an affidavit filed by Jessy Jacob, a furloughed city worker…finding her lacking credibility.
        Courthouse News.

  3. We’ve got to find a better way to do this. Everyone knew this mail in vote shit was going to screw things up.

    If I can securely make purchases using my Mac and thumb print or my iPad and face recognition, I should be able to create a system that provides one vote per legal citizen.

    Or if that’s too much of an invasion of privacy, it seems like you should start months ahead of time guaranteeing the number of individual voters in your household. Serialized Flash drives.

    Every time I think long and hard about it I come back to in person voting WITH ID.

    1. Democrats have fought for years against voter ID and other sane methods to insure the legitimacy of votes.

      It’s not difficult to understand why. Without be able to cheat in Democrat-controlled areas, they’d never win another national election.

      1. You’re projecting. The real cheaters here are the Republicans. This election proves that. Try holding a mirror up to your own malfeasance and willingness to lie, cheat and steal to promote your own agenda. When you linked up with sleazy inept Trump you lost all credibility.

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