Thursday Stock Market Update
The Dow Jones Industrial Average, S&P 500, and the Nasdaq Composite posted gains on Thursday, according to CNBC.
- The Dow Jones Industrial Average gained 46.85 points, or 0.20 percent, to close at 27,739.73.
- The S&P 500 gain 0.30 percent to close at 3,385.51.
- The Nasdaq Composite rose 1.10 percent to close at 11,264.95.
Tech stocks surged, helping offset a sell-off induced by a disappointing jobless claims report. The Labor Department reported that US weekly jobless claims totaled 1.106 million last week, far above expectations of 923,000.
Facebook shares gained 2.4 percent, Apple gained 2.2 percent, Amazon gained 1 percent, and Microsoft gained 2.3 percent.
Tomorrow, existing-home sales data will be released.