The Stock Markets in New York Opened on Thursday With Small Gains
The stock markets in New York opened on Thursday with small gains, after the big pluses a day earlier.
Investors’ view of Wall Street is primarily focused on weekly benefit claims in the United States. Besides, operating results are again processed.
Shortly after the start, the Dow-Jones index rose 0.6 percent to 23,633 points. The broad-based S&P 500 climbed 0.8 percent to 2821 points, and technology grade meter Nasdaq also gained 0.8 percent to 8,561 points.
The number of unemployed Americans who registered for benefits last week came to 4.4 million.
In total, about 27 million Americans have turned to the government for support since mid-March. Due to the corona crisis, many companies have been closed, and staff are being taken to the streets.
Oil prices are also on the rise. Oil and gas producers such as ExxonMobil and Chevron rose to 1.8 percent.
On Wednesday, sentiment on Wall Street was supported by a rebound in oil prices. The oil sector has been under severe pressure recently, with sharp price declines from both the corona crisis and a recent price war between Russia and Saudi Arabia.
On the numerical front, attention is paid, among other things, to pharmaceutical company Eli Lilly. The company increased sales in the past quarter, aided by rising sales of diabetes medications and as the corona crisis hampered drugs. Eli Lilly nevertheless lost 0.8 percent.