S&P, Nasdaq hit records on jobless claims drop
The Nasdaq and the S&P 500 closed at fresh record highs, but stock market gains were limited as investors kept watch on a health crisis that continues to rage.
The Dow rallied 271 points. The S&P 500 jumped 26. The Nasdaq rose 114.
Stocks were higher after first-time weekly jobless claims dipped to 385,000 – a decline of 14,000 from the previous week.
That soothed investor concerns one day ahead of the closely-watched monthly jobs report and latest unemployment data.
But investors will be holding their breath until the Bureau of Labor Statistics, or BLS, releases those numbers on Friday, says Victoria Fernandez, chief market strategist at Crossmark Global Investments.
"We have to remember that a lot of the may be what we call low hanging fruit and the labor market, those people have gone back to work. We're looking at with the BLS report, perhaps more government workers going back again, looking at schools starting to reopen, teachers going back. Hopefully that gives it a little bit of a boost. I would say we might come in a little bit lower than expectations, but not tremendously so."
In other economic data, the U.S. trade deficit surged to a record high - climbing to nearly $76 billion in June - as businesses brought in more imported goods to meet a surge in consumer spending.
Earnings season continued to roll on...
Heath insurance provider Cigna warned of a bigger hit to its full-year earnings due to the impact of the health crisis on its financials. The stock slumped roughly 11 percent.
After the close: Beyond Meat posted a bigger than expected quarterly loss and second-quarter sales missed estimates. The meat alternative company also gave a disappointing outlook, citing uncertainty surrounding food demand during this new wave of the health crisis.
In other corporate headlines: Robinhood investors went on another wild ride Thursday - this time to the downside. Shares plunged 27-1/2 percent - snapping a four-day rally - after the company said stakeholders will be offloading nearly 98 million shares and the company will not receive any of the proceeds.
相關影片推薦
- 3:592024「時尚奧斯卡」Met Gala直擊 Jennie秀性感蠻腰 千黛亞霸氣亮相 南非歌手首度登場 被「抱」上會場Yahoo奇摩(國際通)16,213 次觀看・8 小時前
- 1:18直擊美龍捲風侵襲可怕瞬間 狂風驟起、屋頂被掀翻 行車記錄器全都錄Yahoo奇摩(國際通)12,142 次觀看・8 小時前
- 1:34台荷混血三兄弟大哥扛家計 娶美嬌娘太平雲梯辦婚禮民視影音99,539 次觀看・1 天前
- 2:02停紅燈遭後車撞亡 業務員上班遇死劫獨留妻兒TVBS新聞網影音16,959 次觀看・4 天前
- 2:0250元硬幣怎分辨真假? 專家教你分辨真偽民視影音29,025 次觀看・2 天前
- 1:56住戶苦!回家路被地主刨除 法官判非既成道路華視影音43,199 次觀看・7 小時前
- 1:52可惡!花蓮西瓜農遭盤商剝削 價格對半砍民視影音36,863 次觀看・8 小時前
- 1:05這對南韓CP讓大家又相信愛情了! 曬出約會照粉絲激動:請原地結婚娛樂星聞5,393 次觀看・23 小時前
- 1:21北市信義區女陳屍屋中估逾2週 警鎖定丈夫追查華視影音9,809 次觀看・3 天前
- 1:41搭捷運「不小心碰到妳」 竟遭陌生女襲擊TVBS新聞網影音1,272 次觀看・6 小時前
熱門必看
- 12:49你是外向E人還是內向I人?水瓶座竟跌破大家眼鏡是I人無誤!?Ep.216-2唐綺陽談星室49,333 次觀看・1 週前
- 8:36上完課、開完會還是有聽沒有懂? 8分鐘學會用AI幫你統整重點!Yahoo創作摩人48,328 次觀看・1 週前
- 9:50【四驅車製作】#77 新三角箭ZMC 混碳版再次製作~ 等了四年啊!!! 爆走兄弟Let's & Go!! 四驅兄弟 ミニ四駆 NEO-TRIDAGGER ZMC 《曼仕德》雷達之星5,224 次觀看・1 週前
- 0:07台北馬來西亞餐廳推薦|#肉骨潘三八旅客,旅遊美食4,001 次觀看・1 週前
- 14:47全台唯一自動炒菜機烹飪的麻辣燙?! 多到蓋不起來的炸雞便當!超浮誇蛤蜊麵!桃園中壢|你不能錯過的高評價美食!我是馬鈴薯小姐雁靈35,305 次觀看・1 週前