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Wall Street: Dow hits all-time high after upbeat jobless claims data

Dow Jones Industrial Average rose 214.88 points, or 0.67%, to 32,511.90

Wall Street | Dow Jones | US jobless claims


By Medha Singh and Shashank Nayar (Reuters) - The blue-chip Dow index hit an all-time high for the fourth straight session on Thursday as worries about rising inflation eased, while a bigger-than-expected fall in weekly jobless claims reinforced expectations of a labor market recovery. Fewer than expected Americans filed new claims for unemployment benefits last week as an improving public health environment allows more segments of the economy to reopen. "The drop in jobless claims is another win for the week, and a solid sign that we're making some strides toward ...

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First Published: Thu, March 11 2021. 21:58 IST