Markets Hold Steady as Investors Eye Key Jobless Claims Data

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Source: Investor's Business Daily
Markets Hold Steady as Investors Eye Key Jobless Claims Data
Photo: Investor's Business Daily
TL;DR Summary

U.S. stock markets showed mixed performance on Thursday following a Labor Department report indicating higher-than-expected jobless claims. The Dow Jones Industrial Average and S&P 500 saw slight declines, while the Nasdaq also edged lower. Nvidia's stock fell slightly, threatening its recent winning streak, while crypto-related stocks like Coinbase and MicroStrategy saw gains. The 10-year Treasury yield increased to 4.21%, and oil prices rose. Bitcoin surpassed $100,000 for the first time, boosting related stocks. Key earnings movers included Dollar General and Five Below, with the latter jumping nearly 15%.

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