U.S. stock markets inched up Thursday morning, moving beyond record closes on Wednesday, as jobless claims came in unexpectedly high.
The Dow Jones Industrial Average was up 37 points, or 0.1 percent, and the S&P 500 was up 12 points, or 0.3 percent.
Weekly jobless claims dropped to 793,000 in the latest filings from the Labor Department, but the previous week’sĀ applications were revised upward to 812,000. That week’s claims had first been reported at 779,000, lower than theĀ latest week’s estimates.
But stock markets have taken tough economic data in stride on expectations that Congress will approve a significant COVID-19 relief bill.
House committees have begun marking up portions of President BidenJoe BidenFormer Republican officials in talks to form center-right anti-Trump party: report Biden raises concerns with Xi in first call with Chinese leader as president Castro: Trump further incited the mob ‘against his own vice president’ MORE‘s $1.9 trillion plan, and Democrats have vowed to pass a final bill into law by early next month, before emergency unemployment programs expire starting March 14.