Reuters US equities edged higher on Thursday after jobless claims for the week ended May 16 totaled 2.4 million. The latest data pushes the…
Reuters
US equities edged higher on Thursday after jobless claims for the week ended May 16 totaled 2.4 million.
The latest data pushes the figure’s nine-week total to nearly 39 million, surpassing the 37 million Americans who filed for unemployment insurance during the 18-month-long Great Recession.
The Labor Department’s Thursday release matched economists’ median estimate of 2.4 million claims and marked the seventh-straight decline for weekly filings.
Here’s where US indexes stood shortly after the 9:30 a.m. ET market open on Thursday:
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Stock futures were initially pushed lower after the Senate passed a bill aiming to delist Chinese companies from American exchanges.
