The S&P 500 Index ($SPX) (SPY) today is up +0.99%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.81%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +1.10%.
US stocks are trading higher today after US weekly initial unemployment claims fell more than expected, signaling labor market strength and easing economic concerns that arose after last Friday’s weaker-than-expected July payroll report. Also, chip stocks recovered some of Wednesday’s losses and are trading higher today, boosting the overall market.
