Thursday's batch of U.S. data had investors wondering what's next for the economy and contributed to sharp moves throughout the trading day.
 | THU, SEP 24, 2020 | | | | DOW | | NAME | LAST | CHG | %CHG | | AAPL | 108.22 | +1.10 | +1.03% | | MSFT | 203.19 | +2.60 | +1.30% | | CSCO | 37.85 | -0.43 | -1.12% | |
| | S&P 500 | | NAME | LAST | CHG | %CHG | | AAPL | 108.22 | +1.10 | +1.03% | | GE | 6.06 | -0.05 | -0.82% | | F | 6.66 | +0.02 | +0.30% | |
| | NASDAQ | | NAME | LAST | CHG | %CHG | | AAPL | 108.22 | +1.10 | +1.03% | | TSLA | 387.79 | +7.43 | +1.95% | | AMD | 75.82 | +1.09 | +1.46% | |
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Thursday's batch of U.S. data had investors wondering what's next for the economy and contributed to sharp moves throughout the trading day. The Dow Jones Industrial Average was down 226 points to start Thursday trading before a sharp turnaround helped the average close slightly higher. The S&P 500 and Nasdaq Composite ended the day up 0.3% and 0.4%, respectively. They also erased losses from earlier in the day. That choppy trading action came after the release of blowout housing data and disappointing unemployment claims numbers.  The Census Bureau reported that new home sales in the U.S. totaled just over 1 million in August. Economists polled by Dow Jones expected a gain of 898,000. However, initial jobless claims totaled 870,000 for the week ended Sept. 19, higher than a Dow Jones estimate of 850,000. Continuing claims — which include those who have received unemployment benefits for at least two straight weeks — declined slightly but were still higher than forecast. "People are getting concerned about what kind of economic recovery we're going to get in the next few months," said Megan Horneman, director of portfolio strategy at Verdence Capital Advisors. "Some parts of the economy are doing well and some are slowing down a bit." Don't miss CNBC and Institutional Investor's Delivering Alpha conference on September 30, featuring Treasury Secretary Steven Mnuchin, Senator Elizabeth Warren, Alibaba's Joseph Tsai, Vista Equity Partners' Robert Smith, J.P. Morgan's Mary Callahan Erdoes, Inclusive Capital's Jeff Ubben and more.
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