Last week, most economist announced that our unemployment numbers would be high, The market knew of the numbers and the reasons for them so the market already knowing it, the numbers were discounted when officially announced.
Because it's down almost 10000 points. Stocks are under-valued and before anyone can say that this isn't a long term catastrophe the market will adjust to the low price.
Because previously to that, the Dow was down about 9,000 points. We still may resume declines in the market perhaps to Dow 15,000. But below that, the eventual earnings of the stocks would make them a real bargain.
The market is forward looking. The unemployment number is something 100% out of the ordinary and with stimulus moving through Congress and businesses talking about opening again (even if weeks away), the outlook is not horrible compared to current stock prices.