The price of November futures for WTI crude oil rose to $40.35 per barrel.
Key indexes on the New York stock exchange rose slightly on Thursday with the opening of the session. According to the information posted on the trading platform’s website, the Dow Jones industrial average rose 1.46 points (0.01%) to 28 212,28. The S&P 500 index, which includes the 500 largest us companies, rose 4.11 points (0.12%) to 3 439,67. The Nasdaq electronic exchange index rose 45.38 points (0.40%) to 11 530,07.
Apple shares were down 0.54% at the start of the session, Alphabet was up 2.25%, and Microsoft was up 0.07%. The price of November WTI crude futures rose 0.80% to $40.35 per barrel. The price of gold futures fell 1.06% to $1 909,00 per Troy ounce.
As noted by The Wall Street Journal, investor sentiment was affected by data from the US Department of labor on a decrease of 55 thousand – to 787 thousand – in the number of people who applied for unemployment benefits during the week ended October 17. “The labor market largely recovered last summer, with almost half of the 22 million jobs lost in March and April,” the newspaper said. “However, data on the number of applications for unemployment benefits indicate that the pace of recovery in the labor market has slowed, and this situation is in line with the forecasts of economists who expect that the economic recovery process will be lengthy.”