Dow Jones extends gains, closes above 34,000 again

Economies.com
2021-05-13 21:38PM UTC

US stock indices rose on Thursday, after the release of upbeat economic data, with Dow Jones closing above 34,000 points again.

 

The US unemployment claims fell to 473,000 last week, beating forecasts of 487,000.

 

The US producer price index rose 0.6% last month, higher than forecasts of a rise by 0.3%.

 

To the oil market, WTI crude June futures fell 3.4% or $2.26, and closed at $63.82 a barrel, after hitting a high of $65.8 and a low of $63.8.

 

Brent July futures fell 3.3% or $2.27, and closed at $67.05 a barrel, after hitting a high of $69.04 and a low of $67.2.

 

As for stocks, Dow Jones rose 1.3% or 433 points, and closed at 34,021, with a day high of 34,181, and a low of 33,623.

 

Nasdaq rose 0.7% or 93 points to 13,124, with a high of 13,247 and a low of 13,007.

 

S&P 500 rose 1.2% or 49 points to 4,112, after hitting a high of 4,131 and a low of 4,074.

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