Wall Street edges up as weekly U.S. jobless claims drop; Apple eyes $2 trillion market cap
Wall Street was set to open a touch higher on Thursday, with the S&P 500 within striking distance of a record high, after data showed weekly jobless claims fell below 1 million for the first time since March when the effects of COVID-19 shutdowns began to take effect.
The total U.S. jobless claims of 963,000 for the week ended Aug. 8 was well below the estimate of 1.1 million from economists surveyed by Dow Jones. That represented a decline of 228,000 from the previous weeks total.
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