Stocks open mostly higher, tech in the lead, Powell on deck
U.S. stock benchmarks started the Thursday session mostly higher, with the S&P 500 eyeing another record, one day after minutes from the Federal Reserve's most recent meeting did little to move markets. The Dow Jones Industrial Average dipped by 6 points to open near 33,442, while the broader S&P 500 added 12 points, 0.3%, to start near 4,092. The tech-heavy Nasdaq Composite Index jumped 108 points, 0.8%, to trade near 13,797. Fed Chairman Jerome Powell is set to speak midday at an International Monetary Fund conference, but the focus on the central bank this week comes as bond yields have settled into a range that investors seem comfortable with. The headline figure for new filings for unemployment insurance ticked up slightly in the most recent week, the Labor Department said Thursday, but the measure of ongoing claims fell to its lowest in over a year.
-Andrea Riquier; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
April 08, 2021 09:31 ET (13:31 GMT)
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