Dow Notches Second-Straight Record On Upbeat Jobless Data

The Dow had another stellar session today, adding more than 318 points to register its second-straight record close on better-than-expected jobless data. Meanwhile, both the S&P 500 and tech-heavy Nasdaq erased earlier losses to finish with modest gains, with the latter also snapping a four-day losing streak in the last hour of trading.

Elsewhere, investors are looking ahead to tomorrow's April's jobs report, which will give Wall Street additional insight into how close the U.S. is to full economic recovery. Investors are also keeping an eye on corporate reports from the likes of Dropbox (DBX), Expedia (EXPE), and Roku (ROKU), which were all released after today's close.

The Dow Jones Industrial Average (DJI - 34,548.53) rose 318.2 points or 0.9% for the day. Cisco Systems (CSCO) led the Dow components with a 2.6% rise, while Caterpillar (CAT) paced the laggards, falling 0.3%.

Meanwhile, the S&P 500 Index (SPX - 4,201.62added 34 points, or 0.8% for the day. The Nasdaq Composite (IXIC - 13,632.84jumped 50.4 points, or 0.4% for the day.

Lastly, the Cboe Volatility Index (VIX - 18.39) fell 0.8 point or almost 4% for the day.






Oil prices were lower on Thursday for a second-straight session, on the heels of dismal U.S. gasoline usage data. Plus, traders were growing increasingly worried regarding the number of coronavirus cases in India. In turn, June-dated crude fell 92 cents, or 1.4%, to settle $64.71per barrel. 

Gold prices surged, on the other hand, notching their highest close since February to settle above the significant $1,800 level. Boosting the yellow metal was weakness in the U.S. dollar, as well as reassurance from the Federal Reserve that interest rates will stay low. As a response, June-dated gold added $31.40, or 1.8%, to settle at $1,815.70 an ounce.  

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