US Equity Markets Rise After Better-Than-Expected Jobs Data

MT Newswires Live12-25

US equity indexes closed higher Wednesday in a shortened session before the Christmas holiday after better-than-expected jobless claims data.

* Weekly US jobless claims last week fell to 214,000 from 224,000 in the previous week and below analysts' expectations for no change, according to a Bloomberg survey.

* Mortgage applications dropped 5% in the week ended Dec. 19, following a 3.8% decrease the previous week, according to the Mortgage Bankers Association.

* February West Texas Intermediate crude oil eased $0.01 to $58.37 per barrel, while February Brent crude, the global benchmark, dropped $0.09 to $62.29.

* Nike (NKE) shares rose 4.7%, the biggest gain on the S&P 500, after a disclosure that Apple (AAPL) Chief Executive Officer Tim Cook bought $3 million of the shoemaker's stock.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment