• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Markets Equities Stock Market

US stocks reach record highs amid drop in jobless claims

Ubah Jeremiah Ifeanyi by Ubah Jeremiah Ifeanyi
August 13, 2021
in Stock Market
Global stocks plunge over doubts of America's economic recovery
Share on FacebookShare on TwitterShare on Linkedin

In the wake of a slew of new economic statistics, U.S. stocks moved higher on Thursday, lifting the Dow Jones Industrial Average and the S&P 500 to new highs.

According to the Labour Department, initial unemployment claims fell marginally last week as the U.S. labour market continues to rebound from last year’s slump. Last week, 375,000 claims were filed, which was in line with expectations. The previous estimate was 385,000 claims; however, Jobless claims reduced it to 387,000.

In July, the prices paid by American manufacturers and other firms for labour, raw materials, and other items increased once again. Producer price inflation was updated a day after the Labour Department reported that consumer prices rose 5.4% year over year in July and 0.5% from the previous month. On the other hand, core inflation climbed by only 0.3% in July, much below the forecasted 0.4% gain.

RelatedStories

Yusuf Tuggar, Nigerian military

WAES: West Africa exported goods valued at over $166 billion in 2024 – Tuggar 

June 21, 2025
Heineken launches mandatory takeover bid of Champions Breweries, offers to buyout remaining 15.3% equity stake

Heineken withdraws staff, suspends operations in Eastern DRC cities amid worsening rebel conflict 

June 21, 2025

After Wednesday’s U.S. consumer price index reading indicated the pace looked to be moderating, data on Thursday showed U.S. producer prices registered their highest annual gain in more than a decade last month, heightening inflation fears.

Quick market analysis

The Nasdaq jumped 0.35%, while the S&P 500 advanced 0.29% to 4,461.77, a record high. Both indices were down in the morning on Thursday but rallied in the afternoon. At the close, the Dow Jones industrials had gained less than 0.04%. On U.S. exchanges, volume was 8.31 billion shares, compared to an average of 9.55 billion shares for the previous 20 trading days.

Apple Inc (AAPL.O), Microsoft Corp (MSFT.O), Amazon.com (AMZN.O), Google parent Alphabet Inc (GOOGL.O), and Facebook Inc (FB.O), which together constitute for a quarter of the S&P 500’s market cap, led the S&P and Nasdaq.

Intel (INTC), Home Depot (H.D.), and American Express (AXP) were among the Dow Jones’ underperformers on Thursday (AXP). Both tech titans, Apple (AAPL) and Salesforce.com (CRM) topped the blue-chip index with more than 2% apiece gains. Micron stock fell 6.3% after Morgan Stanley downgraded the stock, predicting a downturn in the memory chip industry.

The value of Disney’s stock increased by roughly 0.7%. After the market closed on Thursday, the theme park and entertainment conglomerate released its quarterly profits. Profit and revenue both exceeded expectations. Even though the firm reported optimistic quarterly sales, Baidu Inc’s U.S. shares dropped 3.2% in earnings-related movements.

Ubah Jeremiah Ifeanyi

Ubah Jeremiah Ifeanyi

For further inquiries about this article, contact: Email: Ifeanyi.ubah@nairametrics.com Twitter: @ubahjc Linkedln: Jeremiah Ubah

Related Posts

Yusuf Tuggar, Nigerian military
Business News

WAES: West Africa exported goods valued at over $166 billion in 2024 – Tuggar 

June 21, 2025
Heineken launches mandatory takeover bid of Champions Breweries, offers to buyout remaining 15.3% equity stake
Business News

Heineken withdraws staff, suspends operations in Eastern DRC cities amid worsening rebel conflict 

June 21, 2025
Tariff relief triggers $2 billion investment in Nigeria’s digital infrastructure – Tayo Aduloju
Sectors

Tariff relief triggers $2 billion investment in Nigeria’s digital infrastructure – Tayo Aduloju

June 21, 2025
Under Tinubu, a blueprint for Nigeria’s consumer credit economy is quietly unfolding 
Business News

‘The era of pit to port must end’ – Tinubu tells West African leaders at WAES2025 

June 21, 2025
Bello Matawalle, Zamfara state
Business News

FG to tap into the $90 million global market for Electronic Navigational Charts – Matawalle 

June 21, 2025
GTCO Plc hits 52 weeks high as stock rises to N38.5 per share
Legal & Regulations

GTBank loses N970m debt case against MKO Abiola’s son, RCN Networks

June 21, 2025
Next Post
FG moves to reduce allowances of all political office holders, Dangote, Elumelu, Leo Stan Ekeh, others set to receive FG’s National Productivity Merit award

Strike: Doctors should carry themselves with humility and dignity - Labour Minister

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank
Zenth Bank








DUNS

Recent News

  • WAES: West Africa exported goods valued at over $166 billion in 2024 – Tuggar 
  • Heineken withdraws staff, suspends operations in Eastern DRC cities amid worsening rebel conflict 
  • Tariff relief triggers $2 billion investment in Nigeria’s digital infrastructure – Tayo Aduloju

Follow us on social media:

Recent News

Yusuf Tuggar, Nigerian military

WAES: West Africa exported goods valued at over $166 billion in 2024 – Tuggar 

June 21, 2025
Heineken launches mandatory takeover bid of Champions Breweries, offers to buyout remaining 15.3% equity stake

Heineken withdraws staff, suspends operations in Eastern DRC cities amid worsening rebel conflict 

June 21, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics