NEW YORK — U.S. stocks are wandering greater on a peaceful Thursday following 2 straight days where indexes hardly budged.
The S&P 500 was up 0.3% in afternoon trading. It’s pulled back within 1% of its record following a rough April.
The Dow Jones Industrial Average was up 185 points, or 0.5%, as of 12: 49 p.m. Eastern time, and the Nasdaq composite was 0.3% greater.
A report proving a pickup in layoffs assisted keep the market consistent. The number of employees using for joblessness advantages increased by more last week than financialexperts anticipated, though it stays fairly low compared with history.
That might be a indication the economy can pull off a hoped-for balancing act of staying strong sufficient to prevent a bad economicdownturn, however not so strong that it puts up pressure on inflation. Treasury yields eliminated earlier gains rightaway after the report’s release, showing expectations for it to motivate the Federal Reserve to provide long-sought cuts to interest rates.
Elsewhere on Wall Street, some stocks swung greatly following their newest incomes reports.
Equinix leapt 12% after reporting morepowerful revenue for the mostcurrent quarter than experts anticipated. The business, which runs information centers around the world, likewise stated that an independent examination led by its board discovered no accounting disparities or mistakes th