Stock Market Today: Dow's Winning Streak Extends to 7 Days
==========
On Thursday, the major U.S. stock indexes continued their winning streak, with the Dow gaining over 300 points and extending its streak to seven days. The S&P 500 and Nasdaq also ended the day higher. Caterpillar and Home Depot, two Dow components, both gained about 2 percent. The gains were driven by higher-than-expected weekly jobless claims, which fueled hopes that the labor market is slowing and could lead to interest rate cuts. Arm Holdings, a semiconductor-design firm, fell 2 percent after delivering guidance below expectations. Airbnb and Robinhood also fell after their reports. Friday will bring quarterly results from Honda Motors and Enbridge, as well as comments from several Fed officials on inflation strategy.
#StockMarket #DowJones #S&p500 #Nasdaq #Caterpillar #HomeDepot #JoblessClaims #InterestRates #ArmHoldings #Airbnb #Robinhood #HondaMotors #Enbridge #FedOfficials #InflationStrategy
https://www.newsweek.com/stock-market-thursday-jobless-data-robinhood-airbnb-caterpillar-home-depot-arm-1899049
Newsweek /
npub1ka…2agq5
2024-05-09 21:17:00
Author Public Key
npub1ka5jtasfg8rfe47ypj4x0a2d70fvaksu0u9z9rku70yc8hmjmu9sz2agq5Published at
2024-05-09 21:17:00Event JSON
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"content": "Stock Market Today: Dow's Winning Streak Extends to 7 Days\n==========\n\nOn Thursday, the major U.S. stock indexes continued their winning streak, with the Dow gaining over 300 points and extending its streak to seven days. The S\u0026P 500 and Nasdaq also ended the day higher. Caterpillar and Home Depot, two Dow components, both gained about 2 percent. The gains were driven by higher-than-expected weekly jobless claims, which fueled hopes that the labor market is slowing and could lead to interest rate cuts. Arm Holdings, a semiconductor-design firm, fell 2 percent after delivering guidance below expectations. Airbnb and Robinhood also fell after their reports. Friday will bring quarterly results from Honda Motors and Enbridge, as well as comments from several Fed officials on inflation strategy.\n\n#StockMarket #DowJones #S\u0026p500 #Nasdaq #Caterpillar #HomeDepot #JoblessClaims #InterestRates #ArmHoldings #Airbnb #Robinhood #HondaMotors #Enbridge #FedOfficials #InflationStrategy\n\nhttps://www.newsweek.com/stock-market-thursday-jobless-data-robinhood-airbnb-caterpillar-home-depot-arm-1899049",
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