Fall

Dow soars 403 points as jobless claims hit pandemic low and banks deliver strong results

13 days ago   |   By Business Insider

Xinhua/Wang Ying/ Getty Images
US stocks climbed higher on Thursday as weekly jobless claims hit a pandemic-era low. Last week's claims of 293,000 represented the lowest level since March 2020. Strong results came in from US banks including Morgan Stanley, Bank of America, and Citigroup. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. US stocks surged on Thursday after weekly jobless claims hit a pandemic-era low and third-quarter earnings results from banks beat expectations. The Dow Jones Industrial Average jumped by about 400 points. Last week's jobless claims...
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US weekly jobless claims slide to a new pandemic-era low of 293,000

13 days ago   |   By Business Insider

Unemployed people at a rally last year in Philadelphia, Pennsylvania.
Cory Clark/NurPhoto via Getty Images
Weekly jobless claims fell to 293,000 last week, marking the lowest reading since March 2020.
Economists expected claims to drop to 319,000, which would've been just above pandemic-era lows.
Continuing claims dropped to 2.59 million for the week that ended October 2, beating forecasts.
The number of people filing for unemployment insurance in the US tumbled last week to the lowest level since the pandemic slammed the US economy. Jobless claims totaled 293,000 last week, the Labor...
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US stock futures rally as investors look past rising inflation and focus on earnings season

13 days ago   |   By Business Insider

Stocks rose on Wednesday despite inflation hitting a 13-year high.
EMMANUEL DUNAND/AFP via Getty Images
US stock futures rallied Thursday despite inflation hitting a 13-year high and the Fed moving toward tapering.
Investors' focus was on third-quarter earnings, with a slew of big banks due to report on Thursday.
Elsewhere, oil prices continued to rise as the IEA said the energy crisis could add 500,000 barrels a day to demand.
US stock futures rose Thursday as earnings season picked up pace, even after inflation climbed and the Federal Reserve edged closer to cutting back its support for...
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