US stocks were little changed on Thursday as investors assessed fresh economic data ahead of an inflation reading key to Federal Reserve policy. The S&P 500 rose nearly 0.1%, edging back toward an all-time high. The Dow Jones Industrial Average also rose about 0.1%. Meanwhile, the tech-heavy Nasdaq Composite led the gains, gaining 0.3%. Memory maker Micron's shares slid more than 7%, dragging chip stocks.
A reading on initial weekly jobless claims came in at 233,000, a decrease of 6,000 from the previous week, according to Department of Labor data. The print came in below a consensus expectation of 235,000. But recurring jobless claims rose to their highest since late 2021, suggesting it's taking longer for unemployed people to find a job. Real gross domestic product increased at an annual rate of 1.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock market today: Stocks waver after key data as Micron slidesA sell-off in Micron put a dent in the AI bullishness that has fueled the tech-driven rally, as investors eye fresh economic data.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market today: US futures slip as Micron slides, with data on deckA sell-off in Micron put a dent in the AI bullishness that has fueled the tech-driven rally, as investors eye fresh economic data.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Wall St set for subdued open after economic data; Micron drags chip stocks lowerThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »
Futures edge lower as Micron drags chip stocks down ahead of dataThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »
Premarket: U.S. futures dip as Micron drags down chip stocks ahead of economic dataEuropean stocks steady ahead of inflation data, yen near 38-year low
Source: globeandmail - 🏆 5. / 92 Read more »
Stocks close in the green, Micron, Levi Strauss earnings: Market Domination OvertimeAll three of the market averages (^GSPC, ^DJI, ^IXIC) closed Wednesday in the green, the Nasdaq Composite moving half of a percent higher after facing some...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »