Friday, Feb 5 2021 | Time 05:40 Hrs(IST)
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  • African nations to receive 90mln doses of vaccines against COVID-19 in February - WHO
  • Donald Trump will not testify under oath at impeachment trial
  • Trump resigns from Screen Actors Guild
  • US stocks hit record highs on signs of labor market pickup
  • Russia plans to allocate up to $550,000 to IAEA for fight against cancer – Diplomat
  • Austin orders all US military, civilian staff to always wear masks on duty - Pentagon
  • Number of new COVID-19 cases in Germany decreased, too early to end lockdown – Merkel
  • Hospitals in MIDC area
  • Muslim youth donates for Ram Mandir
  • Facility at saangvi
  • Covid-19: 145 new cases detected in Nashik
  • AIMIM activists stage agitation in Aurangabad over hike in fuel prices
WorldPosted at: Feb 5 2021 4:32AM


US stocks hit record highs on signs of labor market pickup

New York, Feb 5 (Sputnik) Stocks on Wall Street rose for a fourth straight day on Thursday, with the S&P500 and tech-heavy Nasdaq indexes hitting record highs, as declines in US jobless claims suggested the labor market may be recovering from the worst impact of the novel coronavirus pandemic.
The S&P 500, a barometer for the top 500 US stocks, settled up 1.1 percent at 3,871, after hitting a record high at 3,873. The index has gained 4.2 percent since the week began.
Nasdaq, which reflects the performance of tech giants such as Facebook, Apple, Amazon, Netflix and Google, finished the session up 1.2 percent at a record high of 13,778. Week-to-date, Nasdaq has jumped 5.4 percent.
The Dow Jones Industrial Average, the broadest gauge of the New York Stock Exchange, gained 1.1 percent to close the day at 31,057. The Dow has gained 3.6 percent since Friday’s close.
Thursday’s rally in stocks came after data showed US weekly jobless claims fell 4 percent last week, after back-to-back declines of 7 percent and 3 percent in the two prior-weeks. The data suggested a mild recovery in a labor market depressed for months by the novel coronavirus pandemic.
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