US stocks edged up to more records on Thursday, with the S&P 500, the Dow Jones Industrial Average, and the Nasdaq composite all hitting new all-time highs. The S&P.
US stocks edged up to more records on Thursday, with the S&P 500, the Dow Jones Industrial Average, and the Nasdaq composite all hitting new all-time highs.
Thursdays on Wall Street typically have investors reacting to the latest weekly tally of US workers applying for unemployment benefits. But DC’s shutdown means this week’s report on jobless claims has been delayed. An even more consequential report, Friday’s monthly tally, will likely also not arrive on schedule. That increases uncertainty when much on Wall Street is riding on investors’ expectation that the job market is slowing by enough to convince the Federal Reserve to keep cutting interest rates, but not by so much that it leads to a recession.
