Previous close | 2,055.14 |
Open | 2,056.98 |
Volume |
Day's range | 2,053.05 - 2,075.38 |
52-week range | 1,633.67 - 2,135.46 |
Avg. volume | 4,003,703,870 |
If the Federal Reserve starts hinting about lower interest rates, small-cap prices could shoot up as hedge funds exit short positions.
The Dow Jones Industrial Average rose 0.8%, and the Nasdaq composite gained 0.3%. The Nasdaq composite rose 43.51 points, or 0.3%, to 16,346.26. The Russell 2000 index of smaller companies rose 18.50 points, or 0.9%, to 2,073.63.
The number of individuals filing for unemployment benefits soared more than predicted last week, suggesting emerging weaknesses in the labor market. Jobless claims rose from 209,000 to 231,000 for the week that ended on May 4, marking the highest level since August of the previous year, according to data released by the Department of Labor. This rise ended a sequence of four weeks when the figures were consistently below expectations, and it was higher than the anticipated 210,000 print. The fou