Market Pulse - Usa
US open: Dow Jones up more than 500 points as major indices stage early turnaround
Wall Street stocks were firmly in the green early on Thursday as tech stocks were back in favour after the blue-chip index turned in its worst performance since January in the previous session.
Jobless claims fall to another pandemic-era low
Jobless claims fell yet again in the week ended 8 May, according to the Labor Department, slipping from January's peak of about 900,000 to a new pandemic-era low of 473,000.
US pre-open: Futures point to third-straight day of losses
Wall Street futures were in the red ahead of the bell on Thursday after the blue-chip index turned in its worst performance since January in the previous session.
Bitcoin slumps after Elon Musk criticises high cost to environment
Bitcoin was unloved in overnight trading after Elon Musk voiced concern about the energy used that was increasingly needed to mine the cryptocurrency.
US close: Stocks fall on higher-than-expected inflation
Wall Street stocks finished in negative territory for yet another session on Wednesday, following the release of April's consumer price index.