Capitalize Financial
No Result
View All Result
  • Home
  • World
  • Economy
  • Business
  • Markets
  • Real Estate
  • Cryptocurrency
Capitalize Financial
  • Home
  • World
  • Economy
  • Business
  • Markets
  • Real Estate
  • Cryptocurrency
No Result
View All Result
Capitalize Financial
No Result
View All Result
Home Markets

Stock market news live updates: Stocks jump, S&P 500 and Dow hit record highs after retail sales, jobless claims top estimates

by capitalizefinancial
April 16, 2021
in Markets
0
Stock market news live updates: Stocks jump, S&P 500 and Dow hit record highs after retail sales, jobless claims top estimates

Stocks jumped Thursday to reach record levels as traders eyed a much stronger than expected print on consumer spending and a sharp improvement in the number of new jobless claims.

The Dow gained more than 300 points, or about 0.9%, to reach a record intraday and closing high and break above the 34,000 level. The S&P 500 and Nasdaq also rose to reverse declines from a day earlier, with tech stocks leading both indexes higher by more than 1%.

Traders digested a key print on the strength of the U.S. consumer on Thursday, with the Commerce Department’s March retail sales showing the best monthly rise in retail sales since May 2020. Retail sales surged by 9.8%, with stimulus checks and easing social distancing standards helping fuel the gain.

“What caught our eye was the 13.4% surge in spending on food and drink services, while clothing store sales were up by 18.1%. Relative to pre-pandemic levels, food and drink services sales are down just 5.1%, while clothing store sales are now higher than they were in February 2020,” Michael Pearce, senior U.S. economist for Capital Economics, said in an email Thursday. “That suggests a combination of loosening restrictions and easing of virus fears linked to the vaccine rollout are driving a rapid return to normalcy.”

Read More…

Previous Post

Economic development projects will fuel city’s recovery

Next Post

Real estate investor who shorted subprime mortgages says this housing boom is in a bubble

Next Post
Real estate investor who shorted subprime mortgages says this housing boom is in a bubble

Real estate investor who shorted subprime mortgages says this housing boom is in a bubble

Search…

No Result
View All Result

Subscribe Us

By clicking on Subscribe, I confirm that I have read and agree to the terms set forth in the Privacy Policy and Terms of Service including Capitalize Financial’s ability to use and share my information and Capitalize Financial, or third-party companies and business partners, may send me offers for products and services at the email address I have provided. I understand that my information may be supplemented with additional information obtained from other sources.

Recent News

Most say nation on wrong track, including Dems: AP-NORC poll

Peaky Blinders: The True Story Behind Alfie’s Uncle Charles Solomons

Categories

  • Business
  • Cryptocurrency
  • Economy
  • entertainment
  • finance
  • Georgia
  • health
  • Markets
  • Music
  • Politics
  • Real Estate
  • receipe
  • Science
  • science
  • Sports
  • Sports
  • Tech
  • Travel
  • World

Site Navigation

  • Contact Us
  • Privacy Policy
  • Terms Of Service
  • Unsubscribe

Capitalize Financial, a news portal which provides the financial news global wide.

  • Contact Us
  • Privacy Policy
  • Terms Of Service
  • Unsubscribe

© 2021 Capitalize Financial All Rights Reserved

No Result
View All Result
  • Advertisement
  • Contact Us
  • Homepages
    • Home 1
    • Home 2
    • Home 3
    • Home 4
    • Home 5
  • World
  • Economy
  • Business
  • Markets
  • Real Estate

© 2021 Capitalize Financial All Rights Reserved