Wall Street ends higher ahead of upcoming jobs data – Yahoo News Australia
Major US stock indexes ended higher on Thursday, helped by a rally in Alphabet shares as investors, worried about a slowing economy, looked to upcoming jobs data.
Alphabet Inc rallied 3.8 per cent and Microsoft climbed 2.6 per cent, with both providing more fuel than any other stocks for the S&P 500’s gain for the session. Alphabet’s Google unit plans to add artificial intelligence features to its search engine, the Wall Street Journal reported.
Adding to recent data hinting at a weak labour market, initial jobless claims fell to a seasonally adjusted 228,000 for the week ended April 1, versus expectations of 200,000 claims.
The Labor Department’s data from the prior week was revised to show 48,000 more applications were received.
The S&P 500 climbed 0.36 per cent to end the session at 4,105.02 points.
The Nasdaq gained 0.76 per cent to 12,087.96 points, while the Dow Jones Industrial Average rose 0.01 per cent to 33,485.29 points.
Wall Street has lost ground in recent days…
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