Stocks – Wall Street Rises as Jobless Claims Fall

© Reuters.

Investing.com – Wall Street was higher on Wednesday as jobless claims fell near a 50-year low, signaling that the labor market might not be as weak as originally thought.

The gained 118 points, or 0.5%, by 9:55 AM ET (13:55 GMT), while the was up 6 points, or 0.2%, and the tech-heavy jumped 20 points, or 0.3%.

The who filed for unemployment assistance in the U.S. last week fell by 10,000 to a seasonally-adjusted 202,000, the lowest level since December 1969.

Boeing (NYSE:) was among the top gainers after the morning bell, rising 1.9% after Ethiopia’s transport ministry did not explicitly mention the airline maker’s new software in its released findings of the Ethopian Airlines crash involving a 737 MAX 8 model.

Intel (NASDAQ:) was up 1.1%, while Walt Disney (NYSE:) gained 1.4% after tickets for its movie “Avengers: Endgame”, which is to be released at the end of April, set a record for one-day sales on Fandango.

Elsewhere, Tesla (NASDAQ:) slumped 8.5% after it reported a 31% drop in vehicle deliveries for the first quarter of 2019, due to difficulties in Europe and China and a reduction in U.S. tax credits. Office Depot (NASDAQ:) tumbled 15.9% after it warned it would have lower first-quarter results than anticipated.

In commodities, fell 0.7% to $1,286.25 a troy ounce, while was flat at $62.45 a barrel. The , which measures the greenback against a basket of six major currencies, gained 0.2% to 96.873.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices

Read More Here...

Bookmark the permalink.