The Dow Jones now could climb further after a FAANG-induced rally. Investors are wondering if the tech stock reversal is over. Shares of Apple Inc. (NASDAQ: AAPL) are trying to claw back to their all-time highs.
More on these events below. See what else is moving the Dow today…
First, let’s dive into the numbers from Wednesday for the Dow, S&P 500, and Nasdaq:
Index Previous Close Point Change Percentage Change Dow Jones 27,940.47 +439.58 +1.60 S&P 500 3,398.96 +67.12 +2.01 Nasdaq 11,141.56 +293.87 +2.71
Now here’s a closer look at what I’m following today. These are the most important market events and stocks.
The Top Stock Market Stories for Thursday
On Thursday, the U.S. Labor Department reported that 884,000 people filed for unemployment benefits for the first time for the week ending Sept. 5. That figure was higher than what economists had anticipated. However, the number was largely impacted by a few changes in methodology due to seasonal factors. The report arrived the same morning that many investors speculated on the timing of a new COVID-19 stimulus plan. U.S. Senate Majority Leader Mitch McConnell said he is “optimistic” that the Senate would deliver a strong vote in support for a new $500 billion rescue package.
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Johns Hopkins University reports that American cases of COVID-19 topped 6.3 million on Wednesday. But the number that is making headlines is the 190,000 deaths since the beginning of the crisis. Epidemiologists worry that the case load and death toll could surge in the months ahead due to the combination of flu season and increased relaxed standards