26.03.2020 S&P 500 Daily Analysis

26.03.2020 S&P 500 Daily Analysis Yesterday S&P 500 closed at $2,475.56 (+1.15%) as it has been going up for the past two days but today it is expected to go down as investors brace for what is expected to be one of the worst Jobless claims in history.  US Jobless Claims data will be released later today, which is a record of the number of individuals who filed for unemployment insurance for the first time during the past week. Analysts expect the numbers to be high, ranging between 250k and 4 million due to what is happening in the country because of Covid-19. The US Federal Reserve Chairman Jerome Powell is scheduled to speak later in the day to provide more information about policymakers` response to the pandemic which will give investors an idea of what direction the USD and US stock market are headed in.