Critics have long been saying that big technology stocks had shot too high, even after accounting for their strong profit growth.
And 13.3 million people are continuing to receive traditional jobless benefits.
The change will allow the central bank to keep interest rates low even if inflation tops its 2% target.
The number of initial claims has exceeded 1 million most weeks since late March.
The figures also point to a persistently unequal recovery.
Both companies had threatened to shut down if a ruling went into effect Friday morning that would have forced them to treat all their drivers as employees.
A rising number of people who have lost jobs say they consider their loss to be permanent.
The iPhone maker reached the $2 trillion milestone in Wednesday’s early stock market trading when its shares surpassed $467.77.
The S&P 500′s milestone caps a furious rally that began in late March
The decline suggests that layoffs are slowing, though last week’s figure is still above the pre-pandemic record of just under 700,000.
