Stock market today: S&P 500 closes lower in thin trade after Christmas holiday

Investing.com-- The S&P 500 on Thursday closed flat after swinging between gains and losses amid soft trading volumes in a holiday-shortened week.The weekly U.S. jobless claims data released before the market opened on Thursday and saw a one-month low dip.

Meanwhile, the number of individuals receiving benefits after their first week of aid, which serves as an indication of hiring, increased by 46,000. This brought the seasonally adjusted total to 1.910 million for the week that ended on December 14, the highest since November 2021. Economists had previously anticipated the number of these continued claims to be 1.880 million.

"We believe Apple is heading into a multi-year AI driven iPhone upgrade cycle that is still being underestimated by the Street," Wedbush said in a recent note.) jumped 40% after the space technology company bought about 217 bitcoin and detailed plans to allocate up to 90% of its excess cash to bitcoin.) added 6% as the video game retailer looks to close out the strong year, with gains of nearly 98% year to date.

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