Wall Street opens higher after jobs data

Thursday, 07. May 2020 15:30

United States stock markets started trading higher on Thursday after the Department of Labor reported initial jobless claims reached a total of 33.5 million over the past seven weeks. Federal Reserve's Neel Kashkari warned that the actual unemployment rate in the US may be between 23% and 24%. Meanwhile, ViacomCBS Inc. posted first quarter revenue at $6.67 billion, a 6% drop on an annual basis, while Raytheon Technologies Corp. revenue decreased 1% in the same period to $18.2 billion.

The Dow Jones Industrial Average advanced 0.73% at the opening bell as Chevron Corp. rose 3.92%. The Nasdaq 100 rose 1.32% with Liberty Global plc surging 10.17%. The S&P 500 gained 1.05%. Center Point Energy Inc. jumped 18.52%.

The euro stood flat against the dollar at 9:29 am ET, selling for $1.07896.

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Author:
Breaking the News / MD