Global Market Round Up || What Did The Blue-Chip Index And NASDAQ Gain Today?

This is the global markets roundup show from kalkine Live TV .

• All major U.S. stock indexes closed higher on Thursday, May 6, with Dow Jones climbing to a new record high as all sectors rose amid a brightening economy. The blue-chip index gained 318 points while S&P 500 and tech-savvy NASDAQ added 34 points and 51 points, respectively.

• The Dow Jones rose 0.93 percent to 34,548.53. The S&P 500 gained 0.82 percent to 4,201.62.  The NASDAQ Composite Index was up 0.37 percent to 13,632.84. The small-cap Russell 2000 closed almost flat at 2,241.42.

• Moving on to some important development that happened over the night. Markets were buoyed by a positive labor data which showed that unemployment insurance claims during the week ended May 1 decreased by 92,000 to 498,000 from the previous week’s 590,000. The four-week moving average also declined to 560,000. This week’s numbers represent the lowest level since March 14, 2020, the Labor Department said.

• Shares of PayPal and Wayfair surged after the companies reported strong first-quarter earnings, while Cognizant, Fastly and Etsy stocks plunged on Thursday.

• Pharmaceutical stocks including Pfizer and Moderna declined after White House supported the waiver of intellectual property rights for coronavirus vaccines.

• Meanwhile, the Labor Department is scheduled to publish the jobs report for April on Friday.

• The 30-year Treasury bond yields were down 0.75 percent on Thursday to 2.241 while the 10-year bond yields declined 0.91 percent to 1.570.


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