Wall Street Opens a Touch Higher as Low Claims Ease Slowdown Fears; Dow up 50 Pts By Investing.com – Investing.com
- Date: 12-Sep-2021
- Source: Investing.com
- Sector:Financial Markets
- Country:Gulf
Wall Street Opens a Touch Higher as Low Claims Ease Slowdown Fears; Dow up 50 Pts By Investing.com – Investing.com
By Geoffrey Smith
Investing.com -- U.S. stock markets opened Thursday a touch higher, futures reversing overnight losses as lower-than-expected jobless claims for last week calmed fears about the economy possibly slowing down.
The Labor Department said that 310,000 people filed for jobless benefits last week, a new post-pandemic low. The figures were consistent with August's on Wednesday, which also indicated a rapidly tightening labor market with another steep rise in vacancies.
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