Wall Street opens mixed doors as rising jobless claims undermine optimism; Dow Flat By Investing.com




┬ę Reuters.

By Geoffrey Smith

Investing.com – US stock markets opened mixed on Thursday, losing some momentum in futures markets, after an increase in initial jobless claims added to fears that the further spread of the Covid-19 virus could disrupt economic recovery.

At 9:45 a.m. ET (1:45 p.m. GMT), it was down 6 points, virtually flat, to 34,792 points. The and the were both slightly higher, after another round of generally strong earnings updates.

Earlier, the Labor Department said initial jobless claims rose to 419,000 last week, their highest level in two months.

The semiconductor industry has also been cautious, after Texas Instruments (NASDAQ ­čÖé on Wednesday evening released clearly cautious guidance for the current quarter. Texas stock fell 5.0% early in the session. Intel (NASDAQ :), the largest chipmaker in the United States, reports profits after the closing bell.

Warning: Fusion media would like to remind you that the data contained in this site is not necessarily real time or accurate. All CFDs (stocks, indices, futures) and Forex prices are not provided by the exchanges but rather by market makers. Therefore, the prices may not be exact and may differ from the actual market price, which means that the prices are indicative and not suitable for trading purposes. Therefore, Fusion Media assumes no responsibility for any business losses that you may incur as a result of the use of such data.

Fusion media or anyone involved with Fusion Media will accept no responsibility for any loss or damage resulting from reliance on any information, including data, quotes, charts and buy / sell signals contained on this website. Please be fully informed about the risks and costs associated with trading in the financial markets, it is one of the riskiest forms of investing possible.







Source link


Leave a Reply

Your email address will not be published. Required fields are marked *