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US: Wall St rises as focus turns to stimulus, corporate earnings
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Wall St. rises as focus turns to stimulus, corporate earnings
By Devik Jain and Shreyashi Sanyal
Reuters
(Reuters) - Wall Street s main indexes rose on Thursday as investors looked to corporate earnings and signs of progress on a pandemic-relief package after data suggested the labor market was stabilizing.
The Labor Department s report showed 779,000 Americans filed new applications for unemployment benefits last week, lower than 812,000 in the prior week, as authorities started to loosen pandemic-related restrictions on businesses.
A report on Wednesday showed U.S. private payrolls rebounded more than expected in January. The government s closely watched and comprehensive monthly employment report is due on Friday.
NEW YORK/BENGALURU (Feb 4): Wall Street s main indexes rose on Thursday, as investors looked to corporate earnings and signs of progress on a pandemic-relief package, after data suggested the labour market was stabilising.
The Labor Department s report showed 779,000 Americans filed new applications for unemployment benefits last week, lower than 812,000 in the prior week, as authorities started to loosen pandemic-related restrictions on businesses.
A report on Wednesday showed US private payrolls rebounded more than expected in January. The government s closely-watched and comprehensive monthly employment report is due on Friday. You re seeing a little bit of sort of calmness or consolidation, after a big run-up a couple of days ago, said Robert Pavlik, senior portfolio manager at Dakota Wealth Management in New York.
4 Min Read
(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.) Weekly jobless claims decrease more than expected eBay, PayPal jumps on upbeat quarterly earnings Qualcomm slips as chip supply constraints hold back sales Futures up: Dow 0.10%, S&P 0.19%, Nasdaq 0.41% (Adds comment, details; updates market prices)
Feb 4 (Reuters) - Wall Street’s main indexes were set to open higher on Thursday as investors looked to corporate earnings and signs of progress on a pandemic-relief package after data suggested that the labor market was stabilizing.
The Labor Department’s report showed 779,000 Americans filed new applications for unemployment benefits last week, lower than 812,000 in the prior week, as authorities started to loosen pandemic-related restrictions on businesses.
U S stocks trade sideways Wednesday, dollar directionless too
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