|I:DJI||DOW JONES AVERAGES||33290.08||-533.37||-1.58%|
|HD||THE HOME DEPOT, INC.||302.61||-0.51||-0.17%|
The Dow Jones Industrial Average ticked up 318 points to a fresh record, Home Depot among the leaders.
The Nasdaq Composite rebounded rising 0.37% helped by Microsoft and Apple.
|I:COMP||NASDAQ COMPOSITE INDEX||14030.375849||-130.97||-0.92%|
While the S&P 500 rose 0.8% led by financials.
|XLF||FINANCIAL SELECT SECTOR SPDR ETF||35.23||-0.87||-2.41%|
The Labor Department reported new claims for unemployment benefits fell to 498,000, a fresh pandemic low after 553,000 the prior week. This follows solid gains reported by ADP on Wednesday.
The report is a positive pre-cursor ahead of Friday's jobs report for April. Economists expect the data to show employers hired 988,000 workers last month as the economy accelerated out of the pandemic and vaccines rolled out nationwide. The unemployment rate is expected to drop to 5.8%.
As for stocks on the move…
Peloton shares, which lost $4 billion in value following the company's recall of all its treadmills following the death of a child, are in focus ahead of earnings after the closing bell.
|PTON||PELOTON INTERACTIVE, INC.||109.12||+0.31||+0.28%|
In healthcare, Moderna posted its first profit in the company's history while revenue hit $1.9 billion, missing analyst expectations.
"In the first quarter, the Moderna team delivered on its supply commitments to many governments and helped protect more than 100 million people," said Stéphane Bancel, Chief Executive Officer of Moderna.
Amazon CEO Jeff Bezos sold around $2 billion in stock as he prepares to hand the reins over to incoming chief Andy Jassy.
|PZZA||PAPA JOHN'S INTERNATIONAL, INC.||103.84||+0.31||+0.30%|
Papa John's saw a pop after both profit and sales exceeded analysts' expectations. North American sales rose over 26% driven by the company's Epic Stuffed Crust pizza.
The Associated Press contributed to this report.