US closes mostly higher on data reports

Thursday, 02. September 2021 22:00

Major equity markets in the United States closed mostly higher on Thursday following upbeat economic reports. The key stock driver was the employment data that arrived slightly better than estimated and revealed the lowest amount of initial jobless claims registered since March 14, 2020.

Additionally, the US goods and services deficit declined by 4.3%, while exports increased by 1.3% to $212.8 billion. Orders for manufactured goods in the US also grew in July, along with their shipments. Inventories rose by 0.5% to a total of $744.4 billion.

The Dow increased by 0.37% led by Walgreens gaining 2.96%, while the S&P 500 rose by 0.28% with Quanta Services soaring by 12.06%. The Nasdaq 100 lost 0.05% as Autodesk dropped by 5.20%. The euro advanced by 0.28% against the dollar exchanging hands for $1.18734 at 3:54 pm ET.

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Breaking the News / LH