{"id":233229,"date":"2021-04-22T18:52:00","date_gmt":"2021-04-22T15:52:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/u-s-stocks-turn-mostly-higher-midday-as-jobless-claims-improve-earnings-beat\/"},"modified":"2021-04-22T18:52:00","modified_gmt":"2021-04-22T15:52:00","slug":"u-s-stocks-turn-mostly-higher-midday-as-jobless-claims-improve-earnings-beat","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/u-s-stocks-turn-mostly-higher-midday-as-jobless-claims-improve-earnings-beat\/","title":{"rendered":"#\n  U.S. stocks turn mostly higher midday as jobless claims improve, earnings beat"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a4126a2d2c02\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a4126a2d2c02\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><ul class='ez-toc-list-level-6' ><li class='ez-toc-heading-level-6'><ul class='ez-toc-list-level-6' ><li class='ez-toc-heading-level-6'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/u-s-stocks-turn-mostly-higher-midday-as-jobless-claims-improve-earnings-beat\/#What_are_major_indexes_doing\" >What are major indexes doing?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-6'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/u-s-stocks-turn-mostly-higher-midday-as-jobless-claims-improve-earnings-beat\/#Whats_driving_the_market\" >What\u2019s driving the market?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-6'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/u-s-stocks-turn-mostly-higher-midday-as-jobless-claims-improve-earnings-beat\/#Which_companies_are_in_focus\" >Which companies are in focus?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-6'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/buradabiliyorum.com\/en\/u-s-stocks-turn-mostly-higher-midday-as-jobless-claims-improve-earnings-beat\/#How_are_other_assets_performing\" >How are other assets performing?<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/buradabiliyorum.com\/en\/u-s-stocks-turn-mostly-higher-midday-as-jobless-claims-improve-earnings-beat\/#William_Watts\" >William Watts<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong>#<br \/>\n  U.S. stocks turn mostly higher midday as jobless claims improve, earnings beat<br \/>\n<\/strong>&#8221;<\/p>\n<h2 class=\"article__subhead\" itemprop=\"alternativeHeadline\">\n<\/h2>\n<p><\/p>\n<div class=\"column column--full article__content\">\n<div class=\"article__side\">\n<div class=\"container--sticky not-active\">\n<div class=\"cx--next\">\n              <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div id=\"js-article__body\" class=\"article__body article-wrap at16-col16 barrons-article-wrap\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0000241108\">\n<div class=\"barrons-article-ad-wrapper\">\n<div data-track=\"barrons-article-ad-wrap\" class=\"barrons-article-ad sticky_item\">\n<div class=\"barrons-main-article-ad-target sticky_target body_ad\" aria-hidden=\"true\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>       U.S. stocks shrugged off early losses to traded mostly higher midday Thursday  as investors dug through a heavy round of corporate earnings reports and parsed a better-than-expected report on weekly jobless benefit claims.<\/p>\n<h6><span class=\"ez-toc-section\" id=\"What_are_major_indexes_doing\"><\/span>What are major indexes doing?<span class=\"ez-toc-section-end\"><\/span><\/h6>\n<ul class=\"articleList\">\n<li>\n      The Dow Jones Industrial Average<br \/>\n        DJIA,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210598065\/realtime\" class=\"negative\">-0.15%<\/bg-quote><br \/>\n       fell 55 points, 0.2%, to trade near 34,082.<\/p>\n<\/li>\n<li>\n      The S&amp;P 500<br \/>\n        SPX,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210599714\/realtime\" class=\"positive\">+0.01%<\/bg-quote><br \/>\n       bounced between fractional gains and losses at 4,174.<\/p>\n<\/li>\n<li>\n      The Nasdaq Composite<br \/>\n        COMP,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210598365\/realtime\" class=\"positive\">+0.27%<\/bg-quote><br \/>\n       gained 38 points, or 0.3%, to trade at about 13,988.<\/p>\n<\/li>\n<\/ul>\n<p>On Wednesday, stocks ended higher after back-to-back declines, with the Dow rising 316.01 points, or 0.9%. The S&amp;P 500 gained 0.9%, while the tech-heavy Nasdaq Composite  jumped 1.1%. The small-cap Russell 2000 index<br \/>\n        RUT,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210598147\/delayed\" class=\"positive\">+0.99%<\/bg-quote><br \/>\n       jumped 2.4%.<\/p>\n<div class=\"paywall\">\n<h6><span class=\"ez-toc-section\" id=\"Whats_driving_the_market\"><\/span>What\u2019s driving the market?<span class=\"ez-toc-section-end\"><\/span><\/h6>\n<p> Stocks turned modestly higher by midday Thursday, with quarterly corporate results largely beating Wall Street expectations this earnings season and weekly jobless benefits claims declining, after the good <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a> lifted benchmark indexes to records last week. <\/p>\n<p>So fart this quarter about 85% of S&amp;P500 index companies have beaten earnings expectations, according to Refinitive.  First quarter earnings per share growth is now estimated at 33.3%.<\/p>\n<p>\u201cIt is only natural to expect markets to take a breather after posting a string of record highs earlier in the month. After all, technical indicators had been highlighting overbought conditions of late,\u201d noted Han Tan, market analyst at FXTM.<\/p>\n<p>But with the Cboe Volatility Index VIX, a measure of expected volatility for the S&amp;P 500, trading below 20 and near its long-term average and 10-year Treasury yields BX:TMUBMUSD10Y steady after falling back from 14-month highs, the environment remains conducive for further stock market gains, Tan said.<\/p>\n<p>In U.S. economic data, weekly jobless benefit claims fell by 39,000 to 547,000 in the week ended April 17, the lowest since before the pandemic struck. Continuing claims fell 34,000 to 3.67 million as of April 10. <\/p>\n<p>\u201cWhile surges in COVID variant infections remains a near-term risk, the outlook for US growth has been upgraded sharply. As more Americans get vaccinated and feel comfortable <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/trip-and-travel\/\" data-internallinksmanager029f6b8e52c=\"10\" title=\"Trip &amp; Travel\" target=\"_blank\" rel=\"noopener\">travel<\/a>ing, going to restaurants, sporting events and live entertainment, more and more people will be able to return to the workforce, if they choose to,\u201d said Anu Gaggar, Senior Global Investment Analyst for Commonwealth Financial Network.<\/p>\n<p> \u201cMarkets are not particularly enamored, however, as much of the good news has already been priced in. \u201d <\/p>\n<p>U.S. existing-home sales slowed to a 6.01 million seasonally adjusted annual pace in March from 6.22 million in February as inventory remained tight, pushing prices higher. Separately, March leading economic indicators gained 1.3%. <\/p>\n<div id=\"cx-membership-tile\"><\/div>\n<p><strong>Read:<\/strong> The \u2018greening\u2019 of the S&amp;P 500: 7 charts for Earth Day<\/p>\n<p>As expected, the European Central Bank left policy unchanged following its Governing Council meeting.  <\/p>\n<h6><span class=\"ez-toc-section\" id=\"Which_companies_are_in_focus\"><\/span>Which companies are in focus?<span class=\"ez-toc-section-end\"><\/span><\/h6>\n<ul class=\"articleList\">\n<li>\n      <strong>AT&amp;T Inc.<\/strong><br \/>\n        T,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/203165245\/composite\" class=\"positive\">+4.55%<\/bg-quote><br \/>\n       shares rose 4.4% in early trade after reporting first-quarter results early Thursday.<\/p>\n<\/li>\n<li>\n      Shares of <strong>Chipotle Mexican Grill Inc.<\/strong><br \/>\n        CMG,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/200781108\/composite\" class=\"negative\">-0.95%<\/bg-quote><br \/>\n       were down fractionally midmorning after the fast-casual restaurant chain late Wednesday blew past Wall Street expectations for its first quarter, saying new menu items, continued strength of online orders and a tailwind from stimulus checks pushed its sales more than 20% higher.<\/p>\n<\/li>\n<li>\n      <strong>Qualtrics International Inc.<\/strong><br \/>\n        XM,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/224172508\/composite\" class=\"positive\">+23.12%<\/bg-quote><br \/>\n       shares jumped 20.2% after the maker of employee-engagement and survey software reported first-quarter results late Wednesday.<\/p>\n<\/li>\n<li>\n      Shares of <strong>Lam Research Corp.<\/strong><br \/>\n        LRCX,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/208077897\/composite\" class=\"negative\">-3.20%<\/bg-quote><span>,<\/span><br \/>\n       which makes the instruments that foundries use to fabricate silicon wafers, slipped nearly 3% after reporting record quarterly results late Wednesday.<\/p>\n<\/li>\n<li>\n      <strong>Whirlpool Corp.<\/strong><br \/>\n        WHR,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/200296850\/composite\" class=\"negative\">-0.75%<\/bg-quote><br \/>\n       shares dipped 0.7% after the <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>liances maker reported first-quarter earnings that were above Wall Street expectations and raised its guidance.<\/p>\n<\/li>\n<li>\n      <strong>Sleep Number Corp.<\/strong><br \/>\n        SNBR,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/203019104\/composite\" class=\"negative\">-10.01%<\/bg-quote><br \/>\n       late Wednesday reported first-quarter earnings above Wall Street expectation and raised its guidance, but mentioned a supply snag that hit its sales in the quarter. Shares tumbled 9.7%.<\/p>\n<\/li>\n<li>\n      <strong>SmartRent.com Inc.<\/strong>, a provider of smart home operating systems, said it will go public via a merger with special purpose acquisition company (SPAC) <strong>Fifth Wall Acquisition Corp.<\/strong> I<br \/>\n        FWAA,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/224481643\/composite\" class=\"positive\">+3.37%<\/bg-quote><span>,<\/span><br \/>\n      \u00a0in a deal valued at $2.2 billion.<\/p>\n<\/li>\n<\/ul>\n<h6><span class=\"ez-toc-section\" id=\"How_are_other_assets_performing\"><\/span>How are other assets performing?<span class=\"ez-toc-section-end\"><\/span><\/h6>\n<ul class=\"articleList\">\n<li>\n      The yield on the 10-year Treasury note<br \/>\n        BX:TMUBMUSD10Y<span><\/span><br \/>\n      \u00a0rose 2 basis points to 1.58% even as the ECB kept policy on hold, keeping U.S. bonds more attractive to foreign buyers. Yields and bond prices move in opposite directions.<\/p>\n<\/li>\n<li>\n      The ICE U.S. Dollar Index<br \/>\n        DXY,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210598269\/delayed\" class=\"positive\">+0.14%<\/bg-quote><span>,<\/span><br \/>\n      \u00a0\u00a0a measure of the currency against a basket of six major rivals, was up 0.2% at 91.33.<\/p>\n<\/li>\n<li>\n      Oil futures<br \/>\n        CL.1,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/211629951\/delayed\" class=\"positive\">+0.26%<\/bg-quote><br \/>\n        CLM21,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/209724872\/delayed\" class=\"positive\">+0.26%<\/bg-quote><br \/>\n      \u00a0seesawed higher\u00a0as COVID-19 cases continued to rise, with the U.S. benchmark up 6 cents or 0.1%, near $61.41 per barrel.<\/p>\n<\/li>\n<li>\n      Gold futures<br \/>\n        GC00,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210034565\/delayed\" class=\"negative\">-0.60%<\/bg-quote><br \/>\n      \u00a0\u00a0fell $13.20 or 0.7%, to trade at about $1,779.90 an ounce, after touching a 2-month high Wednesday.<\/p>\n<\/li>\n<li>\n      In Europe, the Stoxx 600<br \/>\n        SXXP,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210599654\/delayed\" class=\"positive\">+0.68%<\/bg-quote><br \/>\n      \u00a0was trading 0.5% higher after the ECB statement. London\u2019s FTSE 100<br \/>\n        UKX,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210598409\/delayed\" class=\"positive\">+0.62%<\/bg-quote><br \/>\n      \u00a0rose 0.3%.<\/p>\n<\/li>\n<li>\n      In Asia, Hong Kong\u2019s Hang Seng Index\u00a0HSI closed 0.5% higher, while the Shanghai Composite\u00a0SHCOMP\u00a0slipped 0.2% and Japan\u2019s Nikkei 225\u00a0NIK\u00a0jumped 2.5%.<\/p>\n<\/li>\n<\/ul>\n<p><strong>Read next:<\/strong> Get ready for \u2018reflation and reopening\u2019 stock-market trade to kick into high gear, says JPMorgan\u2019s top quant<\/p><\/div>\n<\/div><\/div>\n<p><\/p>\n<div class=\"byline article__byline\">\n<p>      <span>By<\/span><\/p>\n<div class=\"author  hasMenu\" data-scrim='{\"type\":\"author\",\"header\":\"William Watts\",\"subhead\":\"The Wall Street Journal\",\"list\":[]}' itemscope itemprop=\"author\" itemtype=\"http:\/\/schema.org\/Person\">\n<h4 itemprop=\"name\"><span class=\"ez-toc-section\" id=\"William_Watts\"><\/span>William Watts<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/p><\/div>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"http:\/\/www.marketwatch.com\/news\/story.asp?guid=%7B21005575-02D4-D4B5-4572-D3ADD45AA396%7D&#038;siteid=rss&#038;rss=1\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# U.S. stocks turn mostly higher midday as jobless claims improve, earnings beat &#8221; U.S. stocks shrugged off early losses to traded mostly higher midday Thursday as investors dug through a heavy round of corporate earnings reports and parsed a better-than-expected report on weekly jobless benefit claims. What are major indexes doing? The Dow Jones&#8230;<\/p>\n","protected":false},"author":1,"featured_media":233230,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[],"class_list":["post-233229","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/233229","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=233229"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/233229\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/233230"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=233229"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=233229"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=233229"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}