(Bloomberg) -- Stocks climbed as data showing the world’s largest economy is strengthening overshadowed inflation worries ahead of Friday’s jobs report. The dollar retreated.The S&P 500 traded near session highs, while the Dow Jones Industrial Average climbed to a record and the Nasdaq 100 underperformed. China’s shares traded in New York briefly extended losses after Bloomberg News reported the Biden administration is likely to preserve limits on U.S. investments in certain companies from the Asian nation.Applications for U.S. state unemployment insurance fell last week to a fresh pandemic low as labor market conditions continued to improve and the economy reopened more broadly. Separate data highlighted a rebound in productivity as the pace of output exceeded a pickup in hours worked. Traders are now awaiting Friday’s employment report, which is expected to show the U.S. added about 1 million jobs in April.“With jobless claims hitting a pandemic-era low, anticipation for the full jobs picture tomorrow mounts,” said Mike Loewengart, managing director of investment strategy at E*Trade Financial. “Today’s read is another proof point that we’re one step closer to full economic recovery. As we see some serious momentum building on the jobs front, all eyes will be on how this plays into action taken by the Fed.”After closing at a fresh high on Wednesday, the Dow Jones Transportation Average -- considered a barometer of economy activity -- surged 25% above its 200-day moving average. The move could be “perceived as indicative of strength likely to continue in the broader equity market,” said Bloomberg Intelligence’s Gina Martin Adams.These are some of the main moves in markets:StocksThe S&P 500 rose 0.5% as of 3:43 p.m. New York timeThe Nasdaq 100 rose 0.4%The Dow Jones Industrial Average rose 0.7%The MSCI World index rose 0.5%CurrenciesThe Bloomberg Dollar Spot Index fell 0.4%The euro rose 0.5% to $1.2062The British pound was little changed at $1.3895The Japanese yen rose 0.1% to 109.05 per dollarBondsThe yield on 10-year Treasuries was little changed at 1.57%Germany’s 10-year yield was little changed at -0.23%Britain’s 10-year yield declined three basis points to 0.79%CommoditiesWest Texas Intermediate crude fell 1.3% to $65 a barrelGold futures rose 1.7% to $1,815 an ounceFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
Lucidea, leader in innovative collections management software solutions for archives and provider of ArchivEra, will participate in the Midwest Archives Conference on May 13th and 14th as a Premium Sponsor.
The "Hand Wash - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Milliman IntelliScript and Clareto today announced a new collaboration to deliver electronic health record (EHR) data to life, long-term care, and disability insurers via the IntelliScript user platform. The collaboration supports the industry's movement toward comprehensive insurtech solutions that modernize the insurance application and underwriting process and meet consumer preference for a superior digital experience.
With the fantasy hockey season wrapping up, let's examine the most surprising players of the season, and see whether they can repeat their success.
The PenFed Foundation, a national 501(c)3 founded by PenFed Credit Union, is proud to continue to invest in our military heroes during National Military Appreciation Month. May represents an opportunity for civilians to recognize and appreciate the service and sacrifice of our Nation's defenders.
North Coast Brewing Company (NCBC), an independent American craft brewery producing award-winning beers since 1988, is proud to report it has successfully completed the rigorous B-Corp recertification process as administered by the B Lab. The recertification B Impact Assessment (BIA) measures the Company's entire social and environmental performance, evaluating how NCBC's operations and business model impact our workers, community, environment and customers.
Spirit AeroSystems Holdings, Inc. [NYSE: SPR] President and Chief Executive Officer Tom Gentile will speak virtually at the Goldman Sachs Industrials & Materials Conference at 2:40 p.m. (ET) on Wednesday, May 12, 2021.
Timbers Resorts, the leading developer and operator of boutique luxury resorts and private residence clubs, is embarking on an exciting period of growth, announcing a repositioning to Timbers Company – the parent brand behind Timbers Resorts – in anticipation of introducing new Timbers Resorts locations and launching additional brands. In conjunction with the company's east coast relocation from Carbondale, Colorado, Timbers has also made strategic hires at its Winter Park office and launched a new business to business website, www.TimbersCompany.com, to highlight its development execution capabilities.
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Yitzhak Arad, a Holocaust survivor and scholar who was the director of Israel's Yad Vashem Holocaust memorial for more than two decades, has died at the age of 94, the center said Thursday. Arad served as chairman of Yad Vashem from 1972 to 1993 and remained involved in the center until his final days, serving as the vice-chairman of the Yad Vashem Council, it said.
The model can predict the hourly risk of rip currents up to six days in advance.
When Gov. Ron DeSantis signed a new bill this morning to change the future of mail-in voting in Florida, the only television cameras allowed to capture the moment belonged to FOX News.
Chile's lower house of Congress approved on Thursday an opposition-led bill that would slap a progressive royalty on sales of copper as prices rise, sharply hiking taxes on the sprawling industry to pay for social programs during the COVID-19 pandemic. The bill proposes a base rate royalty of 3% on copper and lithium sales, as well as other metals. But in the case of copper, as prices soar, so too would the tax, with marginal rates beginning at 15% of sales for prices between $2.00-$2.50 per pound and cresting at 75% of additional income at prices of over $4.00/lb. Lawmakers have yet to define a sliding scale on other metals.
Can we get this cat to visit our house?
A man who died by suicide in the Tarrant County Jail was not provided mental health assistance even after his family warned jail officials that he was going through a mental crisis, according to a lawsuit that was filed by his family last week.
On the 7th day of April 2021, Terra Energy and Resource Technologies Inc and Purestone US INC entered into a Binding LOI for the merger between the two companies, with the Merger Agreement and Share Exchange Agreement expected to be completed in May 2021.
Sun Valley Gold LLC ("Sun Valley") announced today that it is acquired control and direction over an aggregate of 4,040,000 common shares ("Common Shares") of Perpetua Resources Corp. ("Perpetua") on behalf of client accounts over which Sun Valley has discretionary trading authority. The Common Shares were issued pursuant to the conversion of 0.05% senior unsecured convertible notes (the "Notes") previously issued to such client accounts by a wholly-owned subsidiary of Perpetua.
A look at all eight city teams and how they are faring midseason.
Christopher Mintz-Plasse was suddenly one of Hollywood's most recognizable faces after the 2007 movie Superbad