U.S. major stock indices climbed higher on Thursday morning, with the Dow Jones Industrial Average achieving a historic milestone by surpassing 40,000 points.
Blue-chip stocks are experiencing their thirteenth positive session out of the last fifteen, extending the bull market that commenced in October to a 24% rally.
The S&P 500 and the Nasdaq 100 both inched up by 0.1%, further updating their record highs, driven by soft economic data.
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For the week ending May 11, unemployment benefit claims fell by 10,000 to 222,000, although this remains the third-highest level for the year.
Industrial production was flat in April, missing expectations of a 0.1% increase, while manufacturing production dropped by 0.3% from the previous month, also falling short of market forecasts of a 0.1% growth.
Treasury yields hold broadly steady, while the U.S. dollar index (DXY) witnessed minor gains, up 0.1%.
Chinese stocks continued their positive momentum, with the KraneShares CSI China Internet ETF (NYSE:KWEB), tracking the nation’s tech stocks, up 1.8% and ...Full story available on Benzinga.com
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