By Joe Wallace, Alexander Osipovich and Frances Yoon. U.S. stocks edged higher Thursday, extending their recent rally, after data showed a drop in the number of Americans filing for unemployment-- albeit from historically high levels. The Dow Jones Industrial Average climbed 100 points, or 0.4%, in morning trading, a day after the blue-chips gauge closed above 25000 for the first time since early March and posted its largest two-day advance in more than a month.
* European equities rally on 750 bln euro recovery fund. * Wall Street gains on reopening business optimism. * Deteriorating U.S.-Sino rift lifts save-haven gold. * Oil slightly lower on inventory build. By Herbert Lash and John McCrank.
The International Monetary Fund on Thursday said it estimates that emerging market economies have raised some $77 billion in debt in April and May, partially reversing massive capital outflows of $100 billion seen after the coronavirus outbreak.
U.S. stocks edged higher Thursday, extending their recent rally, after data showed a drop in the number of Americans filing for unemployment-- albeit from historically high levels. The Dow Jones Industrial Average ticked up 70 points, or 0.3%, in morning trading, a day after the blue-chips gauge closed above 25000 for the first time since early March and posted its largest two-day advance in over a month. The S&P 500 rose 0.2%, while the Nasdaq Composite slipped less than 0.1%.
* Boeing (BA) rises on resuming 737 MAX production. * Twitter, Facebook (FB) drop amid threat of executive order. * Indexes: Dow up 0.05%, S&P up 0.06%, Nasdaq up 0.03% By Medha Singh.
The rally in U.S. stocks continued Thursday, with the Dow industrials advancing after data showed a drop in the number of Americans filing for unemployment-- albeit from historically high levels. The blue-chip index added 88 points, or 0.3%, while the S&P 500 ticked up 0.2%. The technology-heavy Nasdaq Composite Index, which struggled a bit Wednesday, fell 0.2%.
U.S. stock benchmarks tried to extend gains on Thursday, as optimism about business reopenings from COVID-19 closures appeared to overshadow a wave of weak economic reports and rising tensions between the U.S. and China. The Dow Jones Industrial Average was up 90 points, or 0.4%, at 25,634, the S&P 500 index rose 0.2%, at 3,041, while the Nasdaq Composite Index edged back 0.2% at 9,398. On Thursday, the Labor Department said 2.12 million unemployed Americans applied for state...
The S&P 500 and Dow Jones indexes opened higher on Thursday, boosted by Boeing shares as the planemaker resumed production of its 737 MAX jets, but simmering tensions between the United States and China kept investors on edge.
* Boeing (BA) up after resuming 737 MAX production. * Twitter, Facebook (FB) drop amid threat of executive order. * Futures: Dow rises 0.6%, S&P up 0.1%, Nasdaq off 0.9% By Medha Singh.
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