US stocks climb as tech rally offsets dismal jobless-claims data
Reuters/Lucas Jackson
- US stocks rose on Thursday as a tech rally offset a surprise jump in weekly jobless claims.
- New unemployment filings climbed back above 1 million last week after two straight periods of decline.
- Investors also weighed the stalled talks between Democrats and Republicans on the next coronavirus stimulus package.
- Shares of mega-cap technology companies such as Apple, Tesla, Facebook, and Microsoft rose, leading the broader market higher.
- Read more on Business Insider.
US stocks rose on Thursday as a rally in technology stocks offset disappointing labor-market data.
The gains were driven by some of the market's biggest companies. Apple rose a day after it became the first US-listed company to reach a $2 trillion market capitalization. Tesla also spiked, surpassing $2,000 per share for the first time.See the rest of the story at Business Insider
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See Also:
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- A Wall Street investment chief says the relentless surge in big tech stocks is headed for an abrupt ending — and warns it could trigger a 40% drop