Saturday, 11 July 2020
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Tech Stocks Help Wall Street Edge Higher
Thursday, 16 April 2020 23:56 WIB | MARKET UPDATE |Saham ASWall StreetS & P 500

The broader market was slightly higher in morning trading Thursday, helped by some solid gains in tech stocks.

By 11:30 AM ET (1530 GMT), the Dow Jones Industrial Average was down 98 points or 0.4%. The S&P 500 was up 0.3% and the Nasdaq Composite rose 1.5%. All three had fallen heavily on Wednesday in response to figures that showed acute drops in retail sales and industrial production in March.

Another gain from Amazon.com, up 5%, helped the tech sector, while Advanced Micro Devices rose 4.9%.

That countered some of the pessimism caused by another huge jump in weekly jobless claims.

The Bureau of Labor Statistics said earlier that 5.245 million Americans filed initial claims for jobless benefits last week, down from the previous week's 6.62 million. The number of continuing claims came in comfortably below economists' forecasts at 11.98 million. States such as California and New York, which went into lockdown earlier, showed declines in new claims.

Source : Investing.com

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