Wall Street rises on hopes that worst for labour market is over

NEW YORK - Wall Street gained on Thursday as jobless claims declined for the third straight week, raising hopes the worst of the coronavirus pandemic's impact on the labour market might be over, but a crash in business activity dulled sentiment.

"The decline in initial jobless claims is encouraging, but the damage has already been done with the insured unemployment rate surging to a record high in the week," said Paul Ashworth, chief US economist at Capital Economics. Still, the mood in early trading was risk-on with the only decliners among the 11 S&P 500 sub-indexes being defensive utilities, real-estate and consumer staples .

The energy index climbed 3% as oil prices recovered in a tumultuous week that saw US crude crashing below zero for the first time in history.

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Wall Street rises on hopes worst for labor market is overU.S. stock index futures retreated on Thursday as investors braced for another staggering jobless claims report and an expected plunge in business ...
Sumber: ChannelNewsAsia - 🏆 6. / 66 Baca lebih lajut »

Asia stocks set to rise after Wall Street gains on oil reboundAsian equity markets were poised to edge higher on Thursday after rebounding crude prices and the promise of more U.S. government aid to ease the ...
Sumber: ChannelNewsAsia - 🏆 6. / 66 Baca lebih lajut »