{"id":254539,"date":"2021-05-20T16:52:00","date_gmt":"2021-05-20T13:52:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/u-s-stocks-mostly-higher-after-fall-in-jobless-claims\/"},"modified":"2021-05-20T16:52:00","modified_gmt":"2021-05-20T13:52:00","slug":"u-s-stocks-mostly-higher-after-fall-in-jobless-claims","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/u-s-stocks-mostly-higher-after-fall-in-jobless-claims\/","title":{"rendered":"#\n  U.S. stocks mostly higher after fall in jobless claims"},"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-6a3ae8cf93654\" 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-6a3ae8cf93654\" 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-mostly-higher-after-fall-in-jobless-claims\/#How_are_stock_benchmarks_performing\" >How are stock benchmarks performing?<\/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-mostly-higher-after-fall-in-jobless-claims\/#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-mostly-higher-after-fall-in-jobless-claims\/#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-mostly-higher-after-fall-in-jobless-claims\/#What_are_other_markets_doing\" >What are other markets doing?<\/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-mostly-higher-after-fall-in-jobless-claims\/#William_Watts_and\" >William Watts and<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/buradabiliyorum.com\/en\/u-s-stocks-mostly-higher-after-fall-in-jobless-claims\/#Mark_DeCambre\" >Mark DeCambre<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong>#<br \/>\n  U.S. stocks mostly higher after fall in jobless claims<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 id=\"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-0000276616\">\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 got off to a mostly positive start on Thursday, with the S&amp;P 500 and Nasdaq Composite threatening to snap a three-day losing streak after data showed a further fall in first-time claims for jobless benefits.<\/p>\n<h6><span class=\"ez-toc-section\" id=\"How_are_stock_benchmarks_performing\"><\/span>How are stock benchmarks performing? <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=\"positive\">+0.20%<\/bg-quote><br \/>\n       fell 13.97 points to 33,882.07.<\/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\">+0.58%<\/bg-quote><br \/>\n       rose 15.30 points, or 0.4%, to 4,130.98.<\/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\">+1.09%<\/bg-quote><br \/>\n       advanced 109.77 points, or 0.8%, to 13,409.50.<\/p>\n<\/li>\n<\/ul>\n<p>On Wednesday, stocks ended well off session lows but still lost ground. The Dow fell 164.62 points to close at 33,896.04, a decline of 0.5%, after a drop of more than 580 points at its session low. The S&amp;P 500 index shed 12.15 points, or 0.3%, to end at 4,115.68. The Nasdaq Composite Index finished virtually flat, off 3.90 points at 13,299.74, well off its Wednesday low of 13,072.23.<\/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> First-time <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>lications for U.S. unemployment benefits fell to a pandemic low last week, the government reported Thursday. Initial jobless claims fell 34,000 to 444,000 in the week ended May 15. Economists surveyed by Dow Jones and The Wall Street Journal had forecast new claims to fall to a seasonally adjusted 452,000.<\/p>\n<p>Separately, a Philadelphia Fed gauge of regional factory activity declined.<\/p>\n<p>The data helped blunt a weaker tone across equity markets after a broad-based, global selloff on Wednesday that spread across assets viewed as risky, including equities, commodities and cryptocurrencies.<\/p>\n<p>Analysts said stocks may continue to struggle.<\/p>\n<p>\u201cMomentum is indeed waning in U.S. stocks as fatigue sets in and anxiety slowly rises (elevated volatility), but we are missing a clear trigger for a significant, albeit temporary, setback,\u201d wrote Sebastien Galy, strategist at Nordea Asset Management, in a daily note. <\/p>\n<p>The downtrend shaping up in U.S. equity markets has been attributed to concerns about lofty stock valuations, uncertainties about the degree to which the recovery will boost inflation, and worries that evidence of excess is building in parts of the financial system. <\/p>\n<p>Against that backdrop, turbulence has become a bigger feature of the market as investors parse key data points and comments from the Fed that could offer clarity on the outlook for the economy and market. <\/p>\n<p>Market participants are still digesting Fed minutes from Wednesday, which showed that \u201ca number of participants suggested that if the economy continued to make rapid progress toward the Committee\u2019s goals, it might be appropriate at some point in upcoming meetings to begin discussing a plan for adjusting the pace of asset purchases.\u201d <\/p>\n<div id=\"cx-membership-tile\"><\/div>\n<p>Most Fed members have said that the economy hasn\u2019t made substantial progress toward its goal of a healthy and vibrant labor market to merit a removal of accommodation, but talk of tapering has historically been a boogeyman for risk-taking. <\/p>\n<p>\u201cTentative \u2014 the question remains: when does the Fed think it\u2019s hit the landing area for the economy, and does inflation take off in the meantime?\u201d wrote Neil Wilson, chief market analyst at Markets.com, in a note. <\/p>\n<p>Adding to overall concerns about the mood on Wall Street, has been the downturn in bitcoin<br \/>\n        BTCUSD,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/31322028\/realtime\" class=\"positive\">+9.29%<\/bg-quote><span>,<\/span><br \/>\n       which has been regarded as a sign of waning risk appetite. Bitcoin took a $10,000 U-turn on Wednesday, hitting a low around $30,000 only to return to a price around $40,000, amid a wild selloff for the world\u2019s No. 1 digital asset. <\/p>\n<p>Among Fed speakers, Dallas Fed President Rob Kaplan is slated to deliver a speech at economic development organization Borderplex Alliance at 10:30 a.m. Eastern. Kaplan has been virtually alone among Fed officials in arguing that policy makers should begin talking about an eventual withdrawal of monetary support.<\/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>Cisco Systems Inc.<\/strong><br \/>\n        CSCO,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/209509471\/composite\" class=\"negative\">-2.79%<\/bg-quote><br \/>\n       shares fell 2.8%, after the company delivered an earnings outlook late Wednesday that fell short of Wall Street expectations because of higher costs from suppliers amid a global semiconductor shortage.<\/p>\n<\/li>\n<li>\n      Shares of <strong>Lithia Motors Inc<\/strong>.\u00a0LAD rose 1.8%, shaking off premarket weakness seen after the auto retailer announced the pricing of its $1 billion stock offering and upsized debt offering. <\/p>\n<\/li>\n<li>\n      <strong>Hormel Foods Corp<\/strong>.\u00a0HRL,\u00a0reported Thursday fiscal second-quarter profit and sales that topped expectations, and raised its full-year outlook, even as volumes declined.\u00a0Shares jumped 4.7%.<\/p>\n<\/li>\n<li>\n      <strong>Pfizer Inc<\/strong>.\u00a0PFE\u00a0and German partner <strong>BioNTech SE<\/strong>\u00a0BNTX said Thursday they have reached a new agreement with the European Commission to supply up to 1.8 billion additional doses of their COVID-19 vaccine. Pfizer shares were flat, while BioNTech\u2019s American depositary receipts rose 1.1%.<\/p>\n<\/li>\n<li>\n      <strong>Ralph Lauren Corp.<\/strong><br \/>\n        RL,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/207257694\/composite\" class=\"negative\">-6.62%<\/bg-quote><br \/>\n       delivered results Thursday morning that blew past earnings estimates for its fiscal fourth quarter, and said it may close more stores in fiscal 2022. Shares were down 4.5%.<\/p>\n<\/li>\n<\/ul>\n<h6><span class=\"ez-toc-section\" id=\"What_are_other_markets_doing\"><\/span>What are other markets doing?<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        TMUBMUSD10Y,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.000%\" channel=\"\" class=\"\">1.635%<\/bg-quote><br \/>\n       fell 2.9 basis points to 1.652%. 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=\"negative\">-0.33%<\/bg-quote><span>,<\/span><br \/>\n       a gauge of the currency against a basket of six major rivals, fell 0.3%.<\/p>\n<\/li>\n<li>\n      Oil futures edged lower, with the U.S. benchmark<br \/>\n        CL00,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/209723049\/delayed\" class=\"negative\">-0.71%<\/bg-quote><br \/>\n       down 0.3%. Gold futures<br \/>\n        GC00,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210034565\/delayed\" class=\"negative\">-0.23%<\/bg-quote><br \/>\n       were also weaker, down 0.5%.<\/p>\n<\/li>\n<li>\n      The Stoxx Europe 600 index<br \/>\n        SXXP,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210599654\/delayed\" class=\"positive\">+0.80%<\/bg-quote><br \/>\n       rose 0.8%, while London\u2019s FTSE 100<br \/>\n        UKX,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210598409\/delayed\" class=\"positive\">+0.37%<\/bg-quote><br \/>\n       gained 0.3%.<\/p>\n<\/li>\n<li>\n      Hong Kong\u2019s Hang Seng Index<br \/>\n        HSI,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210598030\/delayed\" class=\"negative\">-0.50%<\/bg-quote><br \/>\n       fell 0.5%, while the Shanghai Composite<br \/>\n        SHCOMP,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210598127\/delayed\" class=\"negative\">-0.11%<\/bg-quote><br \/>\n       gave up 0.1% and Japan\u2019s Nikkei 225<br \/>\n        NIK,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210597971\/delayed\" class=\"positive\">+0.19%<\/bg-quote><br \/>\n       rose 0.2%.<\/p>\n<\/li>\n<\/ul>\n<\/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_and\"><\/span>William Watts and<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/p><\/div>\n<div class=\"author  hasMenu\" data-scrim='{\"type\":\"author\",\"header\":\" \",\"subhead\":\"The Wall Street Journal\",\"list\":[]}' itemscope itemprop=\"author\" itemtype=\"http:\/\/schema.org\/Person\">\n<h4 itemprop=\"name\"> <\/h4>\n<\/p><\/div>\n<div class=\"author  hasMenu\" data-scrim='{\"type\":\"author\",\"header\":\"Mark DeCambre\",\"subhead\":\"The Wall Street Journal\",\"list\":[]}' itemscope itemprop=\"author\" itemtype=\"http:\/\/schema.org\/Person\">\n<h4 itemprop=\"name\"><span class=\"ez-toc-section\" id=\"Mark_DeCambre\"><\/span>Mark DeCambre<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 <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> 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=%7B20C05575-04D4-B545-7438-886B2A005656%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 mostly higher after fall in jobless claims &#8221; U.S. stocks got off to a mostly positive start on Thursday, with the S&amp;P 500 and Nasdaq Composite threatening to snap a three-day losing streak after data showed a further fall in first-time claims for jobless benefits. How are stock benchmarks performing? The Dow&#8230;<\/p>\n","protected":false},"author":1,"featured_media":254540,"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-254539","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\/254539","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=254539"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/254539\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/254540"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=254539"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=254539"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=254539"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}