Jobless claims edged higher last week, but have stayed low in a robust labor market.US stocks climbed on Thursday as traders mulled fresh jobs data and continued to move past concerns around the state of the banking sector following this month's string of bank failures.
Applications for US unemployment benefits ticked higher last week, but have have stayed low, beneath 200,000, in what's still a robust labor market. Initial filings for unemployment insurance were 198,000 for the week ending on March 25, higher than estimates of 195,000. The US 10-year treasury yield hovered close to 3.5%, a far cry from the levels seen earlier this month when the yield on the key government bond was above 4%.
Following labor data, investors will be focused on personal consumption expenditures data on Friday.
👍
What stock market is up? Majority of bank stocks I follow are down.
Nothing to do with quarter end mark ups then…