Sumary of Sluggish start for stocks after climb in unemployment claims:
- Stocks are off to a sluggish start on Wall Street as investors look over a surprise increase in claims for unemployment benefits and mixed news on corporate earnings.
- Gains in a few big tech companies pushed the Nasdaq up 0.2% but the Dow Jones Industrial Average fell 0.3%.
- ”In early trading, the DAX in Frankfurt rose 0.9% to 15,558.70 and the CAC 40 in Paris was 0.6% higher at 6,504.94. The FTSE 100 in London shed less than 0.1% to 6,995.42.On Wall Street, futures for the S&P 500 index and the Dow Jones Industrial Average were up 0.1%.
- U.S. stocks, boosted by unexpectedly strong corporate profit reports, have gained in choppy trading despite coronavirus uncertainties.