The major US stock indices rose on Thursday, despite weak data that reflected the severe coronavirus economic impact on the US.
Data showed today the US GDP shrank by 5% during the first quarter of this year, lower than forecasts of contraction by 4.8%.
The durable goods orders reading fell by 17.7% in April, slightly higher than forecasts of a drop by 19%.
While the unemployment claims reached 2.123 million vs. 2.446 million, with the total unemployed in the US exceeding 40 million in just two and a half month.
As for stocks, Dow Jones rose 0.3% or 75 points to 25,623 as of 14:15 GMT, Nasdaq rose 0.3% or 29 points to 9,441, and S&P 500 rose 0.3% or 9 points to 3,045.