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Stock Market News for May 14, 2021 Zacks.com 5/14/2021
Benchmarks closed in the green on Thursday as investors focused on improving labor market data that offset inflation worries and snapped a 3-day losing streak.
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The Dow Jones Industrial Average (DJI) rose 434.79 points, or 1.3%, to close at 34,021.45 and the S&P 500 gained 49.46 points, or 1.2%, to close at 4,112.50. The Nasdaq Composite Index closed at 13,124.99, adding 93.31 points, or 0.7%. The fear-gauge CBOE Volatility Index (VIX) decreased 16.2%, to close at 23.13. Advancing issues outnumbered declining ones for 1.91-to-1 ratio on the NYSE, while a 1.06-to-1 ratio on the Nasdaq favored advancers.
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The Hill’s 12:30 Report: A House Divided | Jobless Claims Fall | Rubio vs. Murphy Redux? | Cy Vance Has Trump’s Taxes | 50 Million Vaccines Administered
A House divided:
Driving the entire 117th Congress: Democrats are raging at Republicans over the Jan. 6 insurrection, a boiling anger that threatens permanent bad blood in an already-narrowly divided House and Senate. Rep.