S&P 500 and NASDAQ reach new closing highs | The Economist

The New York Stock Exchange ended unevenly on Thursday, although with records for two of its three main indices, in a market that remains attentive to inflationary pressures.

The Dow Jones index lost 0.17% to 35,870.95 points, the technological NASDAQ gained 0.45% to 15,993.71 units, a record, the same as the S&P 500 that closed at 4,704.54 units with a rise of 0.34 percent.

It was a very volatile day with markets reacting to inflationary pressures, supply chain challenges and labor shortages," Schwab analysts said.

That "not counting the concerns that seem to return about the recent increase in Covid-19 infections in the world," they added.

The stock market also received data on unemployment benefits in the United States, which fell slightly last week and continued to approach pre-pandemic levels.

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In the week ending Nov. 13, 268,000 people signed up for these benefits, down 1,000 from the previous week, according to data released Thursday by the Labor Department.

The figure is higher than expected by analysts (260,000). In mid-March 2020, just before the first lockdown measures in the United States, these orders stood at 225,500.

"This is the lowest level since March 14, 2020," Patrick O'Hare told Briefing.com.

Among the day's stocks, graphics card and semiconductor maker Nvidia pushed the NASDAQ up 8.25% to $316.75 a share on better-than-expected quarterly results as shortages of these components hit the market.