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US: Wall St muted as weak earnings offset jobless claims relief

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Published Thu, May 9, 2024 · 09:43 PM
    • The Dow Jones Industrial Average rose 7.9 points, or 0.02 per cent, at the open to 39,064.27.
    • The Dow Jones Industrial Average rose 7.9 points, or 0.02 per cent, at the open to 39,064.27. PHOTO: REUTERS

    US STOCK indexes were muted at the open on Thursday (May 9) as a slate of downbeat earnings offset the impact of data that showed US weekly jobless claims rose more than expected, indicating softening labour market conditions.

    The Dow Jones Industrial Average rose 7.9 points, or 0.02 per cent, at the open to 39,064.27.

    The S&P 500 rose 1.4 points, or 0.03 per cent, at the open to 5,189.03​, while the Nasdaq Composite rose 21.0 points, or 0.13 per cent, to 16,323.738 at the opening bell. REUTERS

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