Sat, 31 Jul 2021

Wall Street records moderate across the board gains

Lola Evans
23 Jul 2021, 06:09 GMT+10

NEW YORK, New York - A recent spike in jobless claims has failed to deter investors in U.S. stocks.

All the major indices continue to flirt with their all-time highs as they advanced on Thursday, for the third day in a row.

"The market got spooked over jobless claims, but investors remain focused on earnings instead of the macro data," Peter Cardillo, chief market economist at Spartan Capital Securities in New York told Reuters Thomson Thursday.

"And earnings so far are better than expected. It's a market that's priced to its heights and there's no room for mistakes."

.At the close on Thursday, the Dow Jones industrials were ahead 52.64 points or 0.38 percent at 14,684.60.

The Dow Jones industrials added 25.35 points or 0.07 percent to 34,823.35.

Standard and Poor's 500 inched up 8.82 points or 0.20 percent to 4,367.51.

The U.S. dollar was little changed although it edged ahead against the euro while losing ground to the commodity bloc.

The euro in late trading in New York Thursday was changing hands at 1.1774. The British pound was steady at 1.3766. The Japanese yen was little changed at 110.11. The Swiss franc was slightly weaker at 0.9187.

The Canadian, Australian, and New Zealand dollars all traded a fraction higher at 1.2563, 0.7383, and 0.6976 respectively.

In Europe, Germany's Dax index rose 0.60 percent. The Paris-based CAC 40 climbed 0.60 percent. The FTSE in London fell 0.43 percent.

On Asian markets, the Nikkei 225 in Tokyo jumped 159.84 points or 0.58 percent to 27,548.00.

The Australian All Ordinaries climbed 78.00 points or 1.03 percent to 7,.658.90.

China's Shanghai Composite added 12.07 points or 0.34 percent to 3,574.73.

In Hong Kong the Hang Seng advanced 476.17 points or 1.75 percent to 27,700.75.

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