Tech Gains and Rise in Jobless Claims Lift Us Stocks
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Stocks Book Weekly Gains, Extend May Rise
The stock market has been on a tear, and didn’t end that run: The Dow and S&P finished higher, while the Nasdaq was about flat.The Wall Street Journal - World -
Jobless claims jump to highest level in nine months
Initial jobless-benefit claims rose by 22,000 to 231,000 in the week ending May 4, the U.S. Labor Department said Thursday. That’s the highest level since last August.MarketWatch - Business -
Weekly jobless claims jump to 231,000, the highest since August
Jobless claims totaled a seasonally adjusted 231,000 for the week ending on May 4.CNBC - Business -
Stocks Log Weekly Gains in Hot Start to May
The month’s performance so far marks a reversal from April.The Wall Street Journal - World -
10-, 30-year Treasury yields set four-week lows again after weekly jobless-claims data
Yields on long-dated U.S. government debt finished at their lowest levels in about a month on Thursday, after data showed a jump in weekly initial jobless-benefit claims.MarketWatch - Business -
Warby Parker’s stock sees biggest gain in nearly two years company raises guidance, overshadowing a quarterly loss
Warby Parker Inc.’s stock was on track to open higher Thursday, after the maker of eyewear raised its full-year revenue guidance and offset a first-quarter loss.MarketWatch - Business -
SoundHound’s losses exceed revenue, but stock gains as voice-AI demand picks up
The company raised the lower bound of its full-year forecast.MarketWatch - Business -
Dow Extends Winning Streak as U.S. Stocks Rise
U.S. stocks rose after weekly jobless claims came in higher than expected, reinforcing hopes for rate cuts from the Federal Reserve later this year.The Wall Street Journal - World -
The Papers: 'Recession lifts' and Eurovision 'discord'
GDP figures, which show that the UK has emerged from recession, feature in some of Saturday's papers.BBC News - Top stories