US stocks climb as investors weigh extended tech rally against weak jobless claims data
Market wizard Michael Marcus famously turned $30,000 into $80 million. He shares the 3 criteria he looks for in every trade — and the 7 timeless rules that have contributed to his success. Continuing claims, which track the number of Americans currently receiving unemployment benefits, also missed hopes and slightly increased to 13.
4 million. Economists expected continuing claims to dip below 13 million. Market participants will be looking to Capitol Hill for updates on a potential stimulus vote. Senate Republicans are set to introduce a $500 billion bill set to expand unemployment benefits by $300 per week. Democrats repeatedly called for a package with at least $2.2 billion in economic aid, and are likely to strike down the Republicans' smaller proposal.AstraZeneca retraced some of its Wednesday losses. The biotech company tumbled in the previous session after pausing a trial of its coronavirus vaccine candidate over a suspected adverse reaction. CEO Pascal Soriot said on Thursday the company still aims to know before the end of the year whether the drug protects people against the coronavirus. Spot gold gained 0.9%, to $1,963.87 per ounce, at intraday highs. The precious metal remains in a narrow trading range of $1,900 and $2,000. The US dollar weakened, and Treasury yields gained. Oil declined after the American Petroleum Institute reported US stockpiles increased by nearly 3 million barrels last week, according to
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