LIVE MARKETS-Wall Street looks for the bull

Dow Jones Industrial Average +0.17%
S&P 500 index -0.21%
NASDAQ -0.12%

Dow Jones Industrial Average

DJI

37798.97

+0.17%

S&P 500 index

SPX

5051.41

-0.21%

NASDAQ

IXIC

15865.25

-0.12%

All 3 major U.S. stock indexes green; Nasdaq out front

Jobless claims 218,000 >consensus

STOXX 600 ~flat

Dollar ~flat; gold, crude, bitcoin dip

U.S. 10-year Treasury yield ~3.83%

Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com



WALL STREET LOOKS FOR THE BULL

Wall Street moved higher early Thursday, the penultimate trading day of 2023, after jobless claims data appeared to show some Fed-pleasing signs of slack in the labor market.

All three indexes were modestly higher in the session's first minutes.

The S&P 500 waltzes ever closer to the record closing high it reached on Jan. 3, 2022.

Should it end above that level - 4,796.56, to be exact - it will confirm that the benchmark index entered a bull market in October 2022, when it touched the bear market's closing trough.

The jobless claims USJOB=ECI print increased 5.8% to 218,000, higher than expected.

The Fed Chief Jerome Powell has stated that it needs to see some slackening in labor market conditions - prerequisite to winning the war on inflation, he believes - before the central bank considers easing its restrictive policy.

Falling interest rates and the promise of sooner-rather-than-later Fed rate cuts have powered much of the rally over the last two months.

November pending home sales data, considered a fairly forward-looking housing market indicator, is expected shortly.

Here's were things stood at 09:46 EST:

(Stephen Culp)

*****



FOR THURSDAY'S OTHER LIVE MARKETS POSTS:

CAN WE EXPECT ANOTHER RANGEBOUND YEAR IN CURRENCY MARKETS? CLICK HERE

ENERGY DEALMAKING AT TWO-YEAR HIGH CLICK HERE

S&P 500 REPORT CARD: CAN THE INDEX END THE YEAR ON A HIGH? CLICK HERE

SHARE BUYBACKS "SENSIBLE" USE OF SHAREHOLDERS' FUNDS - TEMPLE BAR CLICK HERE

TEN FACTS ABOUT THE YEAR THAT WAS CLICK HERE

BASIC RESOURCES, HEALTHCARE BOOST STOXX CLICK HERE

FESTIVE CHEER CONTINUES IN EUROPE CLICK HERE


Every question you ask will be answered
Scan the QR code to contact us
whatsapp
Also you can contact us via