Stock market rises with tech stocks leading gains, jobless claims drop, inflation data awaited.
From Barchart: 2025-03-09 13:00:02
- The stock market closed higher today, with the S&P 500 gaining 0.5% and the Dow Jones rising 0.7%. Tech stocks led the gains, with Apple and Microsoft both up over 1%.
- In economic news, jobless claims dropped to 340,000 last week, lower than expected. This marks the lowest level since the start of the pandemic.
- Investors are keeping an eye on inflation data, as the Federal Reserve prepares to announce its next steps. The consumer price index is expected to show a 0.3% increase for the month of August.
- Oil prices climbed today, with Brent crude up 1.2% to $73.45 per barrel. This comes as OPEC and its allies plan to increase production in the coming months.
- Overall, market sentiment remains positive, with investors optimistic about the economic recovery and corporate earnings. However, uncertainties surrounding the Delta variant and inflation continue to linger.
Read more at Barchart: Inflation, Jobs Data and Other Key Things to Watch this Week