Wall Street opens mixed on job reports

Thursday, 06. May 2021 15:32

United States major stock markets opened mixed on Thursday on positive employment data reports. Initial jobless claims declined by 92,000 to 498,000, which is the lowest figure since March 14 of 2020. Job cuts also saw a 25% decrease, compared to the previous month, and an astonishing 96.6% decline year-on-year.

Meanwhile, the earnings season continues with Moderna and Uber publishing their financial results and missing investors' estimates. Later today American International Group (AIG) and Beyond Meat will reveal their quarterly performance.

The Dow Jones gained 0.16% at the opening bell as Goldman Sachs climbed by 0.91%, while the S&P 500 opened with 0.02% above the flatline led by Kellogg jumping by 5.34%. The Nasdaq 100 lost 0.17% with Moderna falling by 7.61%. The euro advanced by 0.40% to trade for $1.20524 at 9:28 am ET.

Related Links: 
Breaking the News / LH