Stocks Opened Higher on U.S.-China Trade Talks
- Thursday, April 4, 2019, 9:54
- Stock Market
- Add a comment
U.S. stocks opened higher on Thursday, as investors continue to watch trade talks between the U.S. and China. The Dow Jones Industrial Average lately rose 134.81 points, or 0.51%, to 26,352.94. The S&P 500 gained 7.49 points, or 0.26%, to 2,880.89. The Nasdaq Composite added 16.18 points, or 0.20%, to 7,911.73.
Oil prices resumed their climb Thursday, heading for what could be the fourth gain in the past five sessions, a move that had pushed the contract to roughly five-month highs. West Texas Intermediate crude for May delivery was up 5 cents, or 0.1%, at $62.52 a barrel. June Brent crude gained 7 cents, or 0.1%, at $69.39 a barrel.
The number of Americans filing applications for unemployment benefits fell to a more than 49-year low last week, pointing to sustained labor market strength despite slowing economic growth. Initial claims for state unemployment benefits declined 10,000 to a seasonally adjusted 202,000 for the week ended March 30, the lowest level since early December 1969, the Labor Department said.
About the Author
Write a Comment
Gravatars are small images that can show your personality. You can get your gravatar for free today!
You must be logged in to post a comment.