World Market I US tech shares lead markets higher despite subdued economic data

Updated Jul 23, 2021 | 07:30 IST
Economic reports were mixed, showing sales of previously owned U.S. homes rose for the first time in five months, while jobless claims unexpectedly climbed.
US tech shares lead markets higher despite subdued economic data  |  Photo Credit: Thinkstock
Tech shares led U.S. stocks higher Thursday, despite an unexpected jump in jobless claims that resurfaced some concerns about the economy and sent bond yields lower. The yield on 10-year Treasuries declined three basis points to 1.26%. Dow was flat at 34,823 while the S&P was up 0.2%. NASDAQ was up 0.36%.
Economic reports were mixed, showing sales of previously owned U.S. homes rose for the first time in five months, while jobless claims unexpectedly climbed.

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