Tech stocks continue to lift the Nasdaq.
 | THU, JUN 18, 2020 | | | | DOW | | NAME | LAST | CHG | %CHG | | BA | 192.29 | -0.25 | -0.13% | | PFE | 33.24 | -0.32 | -0.95% | | INTC | 60.08 | -0.41 | -0.68% | |
| | S&P 500 | | NAME | LAST | CHG | %CHG | | GE | 7.28 | +0.04 | +0.55% | | UAL | 39.34 | +0.09 | +0.23% | | AAL | 16.49 | -0.49 | -2.89% | |
| | NASDAQ | | NAME | LAST | CHG | %CHG | | UAL | 39.34 | +0.09 | +0.23% | | AAL | 16.49 | -0.49 | -2.89% | | AMD | 54.04 | -0.51 | -0.93% | |
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The jobs market is still not out of the woods yet. Newly released data from the Labor Department showed initial U.S. jobless claims rose by another 1.5 million last week, CNBC's Jeff Cox writes. Economists polled by Dow Jones had forecast an increase of 1.3 million. That marks 13 straight weeks of unemployment claims above 1 million. Continuing claims, which make up individuals receiving unemployment benefits for at least two weeks, dipped to 20.5 million, a decline of 62,000 from the previous week.  Thursday's data release signals Congress may need to extend benefits from the CARES Act, which lets qualified Americans receive an extra $600 per week in unemployment benefits, writes CNBC's Tom Franck. Those payments, however, are set to expire July 31. The disappointing economic data, coupled with rising coronavirus cases across the U.S., sent the Dow lower for a second straight day. But the Nasdaq eked out a gain. Subscribe to CNBC PRO for exclusive insights and analysis, and live business day programming from around the world. |
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