U.S. stocks traded higher this morning, with the Dow Jones index gaining over 200 points on Thursday.
Following the market opening Thursday, the Dow traded up 0.57% to 41,349.21 while the NASDAQ gained 0.84% to 17,886.92. The S&P 500 also rose, gaining, 0.62% to 5,666.44.
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Leading and Lagging Sectors
Energy shares rose by 1.3% on Thursday.
In trading on Thursday, health care stocks fell by 0.9%.
Top Headline
U.S. initial jobless claims declined by 13,000 to 228,000 in the week ending May 3, compared to market estimates of 230,000
Equities Trading UP
Equities Trading DOWN
Commodities
In commodity news, oil traded up 1.7% to $59.08 while gold traded down 0.8% at $3,365.60.
Silver traded down 0.3% to $32.685 on Thursday, while copper fell 1.2% to $4.6035.
Euro zone
European shares were mostly higher today. The eurozone's STOXX 600 gained 0.6%, while Spain's IBEX 35 Index rose 0.1%. London's FTSE 100 slipped 0.1%, Germany's DAX 40 rose 0.8% and France's CAC 40 gained 0.8% during the session.
Asia Pacific Markets
Asian markets closed mixed on Thursday, with Japan's Nikkei gaining 0.41%, Hong Kong's Hang Seng Index gaining 0.37%, China's Shanghai Composite Index rising 0.28% and India's BSE Sensex falling 0.51%.
Economics
- U.S. initial jobless claims declined by 13,000 to 228,000 in the week ending May 3, compared to market estimates of 230,000.
- U.S. labor productivity in the nonfarm business sector declined by 0.8% during the first quarter compared to estimates of a 0.7% drop.
- U.S. unit labor costs increased by 5.7% in the first quarter of compared to market estimates of a 5.1% gain.
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