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Wall Street stocks had been little modified early Thursday as the extent of recent US unemployment claims moderated whereas Washington talks stay caught on new stimulus spending.
About 25 minutes into buying and selling, the Dow Jones Industrial Average stood at 27,946.28, down 0.1 %.
The broad-based S&P 500 added 0.1 % at 3,382.68, whereas the tech-rich Nasdaq Composite Index gained 0.5 % to 11,071.22.
US knowledge confirmed 963,000 new weekly claims for unemployment advantages, the first studying below a million since the coronavirus pandemic struck in March.
The better-than-expected knowledge “suggests that the jobs recovery is regaining some momentum but with a staggering 28 million workers still claiming some form of jobless benefits, much labor market progress remains to be done,” mentioned Oxford Economics.
But markets had been additionally digesting the dearth of progress on talks on a brand new fiscal spending package deal to help the coronavirus-ravaged US economic system — uncertainty that additionally weighed on the greenback.
“The longer wait for an aid package is causing more dollar-negative clouds to gather over America’s economic horizon,” mentioned a word from Western Union Business Solutions.
This story has been printed from a wire company feed with out modifications to the textual content. Only the headline has been modified.
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