US stocks rose on Thursday as a fresh earnings batch provided mixed results and a reading on unemployment claims showed evidence that the labor market continues to cool. The Dow Jones Industrial Average rose about 0.4% in an effort to extend a six-day winning streak. The S&P 500 gained 0.2%, while the tech-heavy Nasdaq Composite rose 0.1%.
However, initial weekly jobless claims data released on Thursday came in at 231,000, an increase of 22,000 from the prior week and the highest level since August. The latest Department of Labor print signals the job market continues to slow. Read more: How does the labor market affect inflation? Meanwhile, a downbeat annual revenue forecast from Arm cast doubt on the hopes for AI growth that have boosted chip stocks.
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Stock market today: Stocks open steady as Dow tries to extend 6-day win streakStocks have lost their bounce after a growing chorus of Federal Reserve officials made it clear that interest rates will need to stay higher for longer.
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Stock market today: Dow extends winning streak to 6 daysWhile techs have mainly delivered on high earnings expectations, the focus is now on whether other sectors can match up.
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Stock market today: Dow jumps as Apple looks to jumpstart jobs day partySurprisingly upbeat Apple earnings were boosting spirits in the wait for the monthly jobs report.
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Stock market today: Dow leads markets higher as earnings roll in, Powell comments on inflationStocks eyed a broader comeback from a steep sell-off as investors digested results from Bank of America and other heavyweights.
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Stock market today: Dow futures jump over 200 points as earnings roll inStocks eyed a broader comeback from a steep sell-off as investors digested results from Bank of America and other heavyweights.
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Stocks close mixed, Dow records sixth day in win streakThe Dow Jones Industrial Average (^DJI) holds strong, recording its sixth consecutive session of gains, while the Nasdaq Composite (^IXIC) falters ever so...
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