Wall Street stabilizes after data

US stock indices stabilized on Thursday following strong data that showed the Fed won’t be pressured any time soon to cut interest rates.

Earlier US data showed unemployment claims stabilized at just 212 thousand last week.

Otherwise, IMF Director Christalina Georgiva said to Bloomberg she still sees a possibility of a Fed interest rate cut this year, however she supported the Fed’s decision to hold off rate cuts for the time being. 

On trading, Dow Jones rose 0.1%, or 10 points as of 17:16 GMT to 37,763, while S&P 500 fell 0.1%, or 6 points to 5016, as NASDAQ declined 0.2%, or 36 points to 15,640.