Description
Added on the 12/08/2016 23:21:02 - Copyright : Reuters EN
Lukas Jackson/Reuters US stocks closed mixed on Thursday amid falling jobless claims and new hopes for a stimulus deal. The Nasdaq composite closed at all-time highs, while the S&P 500 lost its record close in the final hour of trading. New weekly claims for unemployment insurance totaled an unadjusted 712,000 for the week that ended Saturday. Economists surveyed by Bloomberg expected a reading of 775,000. Lawmakers warmed up to the $908 billion proposal Democratic leaders embraced on Wednesday, placing new pressure on Senate Majority Leader Mitch McConnell to reach a compromise.
Stocks were relatively flat on Wednesday, but the Nasdaq managed to eke out a gain, hitting a new record high. Bobbi Rebell reports.
A day after Google reported better-than-expected earnings, its shares surged to a record high, lifting the Nasdaq and other tech stocks, like Facebook and Etsy. Bobbi Rebell reports.
U.S. stocks closed higher on Monday, with the Nasdaq ending at a record, as hopes grew that a deal would be reached in Europe that would prevent Greece from defaulting on loans. Bobbi Rebell reports.
The Nasdaq hit a new high after a wave of strong economic data. Fitbit shares rose as much as sixty percent in their first day of trading. Bobbi Rebell reports.