This is due to the improvement of the situation in the labor market, the CNBC TV company notes.
Key indexes on the New York Stock Exchange rose on Thursday to close trading on the background of the publication of data indicating an improvement in the labor market in the United States.
The Dow Jones Industrial Average rose 188.11 points (0.55%) to 34,084.15 by the end of trading. The S&P 500 gained 43.44 points (1.06%) and was at 4,159.12. The Nasdaq electronic exchange index rose 236 points (1.77%) to 13,535.74.
CNBC notes that the growth of the indices is caused primarily by the publication of data on the state of affairs in the labor market. According to the relevant US department, the number of US residents who applied for initial applications for unemployment benefits over the past week was 444 thousand, falling to the lowest levels since the beginning of the pandemic. According to experts, the data on this indicator should not have fallen below 452 thousand applications for the week this time.
“The statistics on jobless claims prove once again that we are moving in the right direction,” Mike Louvengrant, director of investment at E-Trade Financial, was quoted as saying by CNBC. According to him, despite the alarming data on the level of inflation in the United States, the situation in the labor market inspires investors with optimism. By 16: 20 on the US East Coast time, the price of WTI crude oil supplies in June fell by $1.43 (2.26%), to $61.95.