The stock market experienced mixed movements on Thursday as investors reacted to the release of the Labor Department’s weekly unemployment claims data. The Dow Jones Industrial Average and S&P 500 saw modest gains, while the tech-heavy Nasdaq composite saw a slight increase after the opening bell.
In other news, Carvana’s stock price soared following a positive earnings report, while Apple was set to release its earnings after the market closed.
The rise in the 10-year Treasury yield and a decline in oil prices were also notable developments in the market on Thursday morning.
Earnings reports from companies like DoorDash, eBay, Etsy, and Qualcomm saw mixed reactions from investors, with some stocks surging and others tumbling.
Investors were particularly focused on Apple’s earnings, with attention on iPhone sales and the services business. Analysts were predicting earnings of $1.50 a share and sales of $90.3 billion for the March quarter.
Overall, the market was responding to a mix of economic data, earnings reports, and other market developments. It’s important for investors to stay informed and adjust their strategies accordingly in response to changing market conditions.
