Dow Jones closes slightly higher after volatile session

Economies.com
2019-12-05 21:52PM UTC

US stocks tilted higher at the end of the session on Thursday, amid broad anticipation for more updates on the trade talks between Washington and Beijing, which came before focus turned to the US jobs data.

 

President Donald Trump told reporters that trade talks with China were still progressing.

 

Which came despite his remarks earlier this week that a trade agreement with China might have until after the presidential election in 2020.

 

The US Department of Labor revealed today that the number of unemployment claims fell by 10,000 to 203,000 during the last week.

 

Markets are anticipating the US monthly jobs report on Friday, with forecasts for more than 180,000 new jobs last month.

 

To the oil market, West Texas Intermediate (WTI) settled at $58.43 a barrel, and hit an intraday high of $59.12 and a low of $58.10.

 

Brent rose 0.6% and closed at $63.39 a barrel, with high of $63.9 and a low of $62.7.

 

As for stocks, Dow Jones rose 0.1% or 28 points to close at 27,677, and hit a high of 27,745 and a low of 27562.

 

S&P 500 rose 0.1% (four points) to 3,117 points, with high of 3,119 and a low of 3,103.

 

Nasdaq rose 4 points to 8,570, and hit an intraday high of 8,588 and a low of 8,542.

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