Photo: Luiz Roberto Lima-ANB/Pacific Press/LightRocket via Getty Images

U.S. stocks shrugged off news of a record-breaking 3.3 million unemployment claims last week, closing higher for the third straight day as Congress moved closer to passing a $2 trillion coronavirus relief package.

Driving the news: Speaker Nancy Pelosi said Thursday that she expects the House to pass the Senate's rescue bill — the largest of its kind in U.S. history — on Friday, before moving on to a potential "Phase 4" package.

  • "The bill that was passed in the Senate last night and that we will take up tomorrow is about mitigation,” Pelosi said. “There’s so many things we didn’t get in any of these bills yet in the way that we need to."
  • The Senate package includes thousands of dollars in direct payments to most Americans, a $500 billion loan fund for large corporations and a $367 billion loan program for small businesses. (More details)

By the numbers:

  • S&P 500: +5.6%
  • Nasdaq: +6.1%
  • Dow Jones Industrial Average: +1,322 points, or +6.2%

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2 hours ago - Health

Oklahoma Gov. Kevin Stitt tests positive for coronavirus

Oklahoma Gov. Kevin Stitt. Photo: Alex Wong/Getty Images)

Oklahoma Gov. Kevin Stitt (R) announced on Wednesday he has tested positive for the coronavirus and will self-isolate, Tulsa World reports.

Why it matters: The 47-year-old Stitt is believed to be the first governor in the U.S. to test positive. He attended President Trump's rally in Tulsa last month, which the county's health department director said likely contributed to a surge in cases in the region.

Updated 3 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 11 a.m. ET: 13,357,992 — Total deaths: 579,546 — Total recoveries — 7,441,446Map.
  2. U.S.: Total confirmed cases as of 11 a.m. ET: 3,432,307 — Total deaths: 136,493 — Total recoveries: 1,049,098 — Total tested: 41,764,557Map.
  3. Public health: Florida's outbreak is getting worse — Testing is again overwhelmed by massive U.S. caseload.
  4. Business: UnitedHealth posts most profitable quarter in its history — Walmart will require all customers to wear masks.
  5. Politics: White House says it didn't clear Navarro op-ed that attacked Fauci.

Walmart will require all customers to wear masks

Photo by Scott Olson/Getty Images

Walmart will require all customers to wear face masks beginning next week in all of its 9,000 company-owned stores, in addition to its Sam's Club locations, the company announced Wednesday.

Why it matters: Walmart is the largest retailer in the U.S. and the latest in a string of national chains — including Costco and Starbucks — to mandate masks for customers.