U.S. stocks traded high on jobless data

U.S. stocks traded high on Thursday, and the S&P 500 closed at another record on better-than-expected weekly U.S. jobless claims data and as the European Central Bank keeps rates unchanged.

The U.S. Department of Labor reported today that the number of individuals filing for initial jobless benefits last week dropped by 26,000 to 323,000 from the previous week’s revised total of 349,000.

A second report indicated that U.S. factory orders dropped 0.7% in February, in comparison to forecasts of a 0.4% decrease.

The Dow Jones industrial average rose 61.71 points or 0.38%, to close at 16,421.89. The S&P 500 added 3.22 points or 0.17%, to close at 1,877.03. The NASDAQ Composite Index lost 5.848 points or 0.13%, to close at 4,352.125.

The NASDAQ 100 dropped 0.2%, pulled down by Staples, which dropped 15.3% to $11.35.

Among top Dow Jones Industrial Average performers were American Express, up 1.49%, JPMorgan, up 1.32%, and Caterpillar, up 1.31%.

Among the Dow Jones Industrial Average’s worst performers were Pfizer, down 0.81%, Home Depot, down 0.61%, and UnitedHealth, down 0.39%.

At the close of European trade, the EURO STOXX 50 added 0.22%, France’s CAC 40 added 0.59%, while Germany’s DAX 30 added 0.01%. In the U.K., the FTSE 100 added 0.19%.

FacebookTwitterGoogle+LinkedIntumblrStumbleUponPinterestDiggRedditEmail

Leave a Reply