3 million jobless claims | Three days of gains | Have markets hit bottom?

Stocks have risen sharply for three days in a row, raising hopes that markets have hit bottom.

VIEW IN BROWSER | SUBSCRIBE THU, MAR 26, 2020 EVENING BRIEF AS OF THU, MAR 26, 2020 • 04:26 ET DJIA 22552.17 +6.38% +1351.62 S&P 500 2630.07 +6.24% +154.51 NASDAQ 7797.54 +5.60% +413.24   Most Active DOW NAME LAST CHG %CHG MSFT 156.11 +9.19 +6.26% BA 180.55 +21.82 +13.75% AAPL 258.44 +12.92 +5.26% S&P 500 NAME LAST CHG %CHG F 5.25 -0.14 -2.60% BAC 22.72 +1.62 +7.68% GE 8.12 +0.56 +7.41% NASDAQ NAME LAST CHG %CHG AAL 15.66 +0.27 +1.75% AMD 47.50 +2.87 +6.43% MSFT 156.11 +9.19 +6.26% EDITOR'S NOTE It was one of the worst pieces of economic news ever delivered: More than 3 million Americans filed for unemployment claims amid the coronavirus pandemic. Yet stocks soared.   The number was far worse than the 665,000 claims filed in the depths of the Great Recession. But everyone knew it was coming. It was just a question of how bad it would be.   CNBC's Jeff Cox writes that when the market rises on bad news, it could be a sign that the market has found a bottom. For the market, any information is better than no information, and Thursday's jobless claims number removed some uncertainty.   "This is just the beginning of a tsunami of negative news,"  said Art Hogan, chief market strategist at National Securities. "Everything on the economic data front is going to start looking horrendous."   Nevertheless, the Dow Jones Industrial Average is up more than 20% over the past three days.   Peter Boockvar, chief investment officer at Bleakley Advisory Group, said we may have seen a bottom, but not the bottom. He believes the bad news ahead is priced into the market, for now. From here, investors must ponder the unknowns about what the world might look like after this crisis has ended.   "Is it a 'V' bottom recovery, or is it something that's going to take a lot more time?" he said on CNBC's "Power Lunch." "Unfortunately, I'm in the latter camp."   Subscribe to CNBC PRO for exclusive insights and analysis, and live business day programming from around the world. Al Lewis | CNBC Markets Editor @tellittoal TOP NEWS  Dow rallies more than 1,300 points, capping its biggest 3-day surge since 1931 Jobless claims soar past 3 million to record high Here's why stocks are rising on terrible news These are the states with the most job losses so far because of the coronavirus Markets take 3 million claims in stride and now brace for 'tsunami of negative news' The coronavirus may be deadlier than the 1918 flu: Here's how it stacks up to other pandemics Coronavirus live updates: States hit hardest by jobless claims, Pelosi predicts more direct payments Nancy Pelosi says, 'I don't think we've seen the end of direct payments' during coronavirus crisis US suspends plans to buy oil after funding is left out of $2 trillion stimulus package Hedge fund titans Simons, Griffin, Cohen and Tepper earned $1 billion in 2019 before virus outbreak     TOP VIDEO Watch the full interview with Paul Tudor Jones   CNBC PRO Credit Suisse is 'convinced' market now offers 'attractive value' and gave clients a buy list   SPECIAL REPORTS This corner of the market is proof the Fed stimulus is working, chart analyst says Here's when J.P. Morgan's Anastasia Amoroso expects the coronavirus to strike the economy hardest   Unsubscribe Manage Newsletters Terms of Service Join the CNBC Panel Digital Products Feedback Privacy Policy   © 2020 CNBC LLC. All rights reserved. A property of NBCUniversal. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis. Data also provided by THOMSON REUTERS