The blue-chip Dow posted a record close, so the major U.S. stock markets finalized higher on Thursday.
The trading conditions were critically thin, the Dow, however, posted the 71st record on Thursday. It is going to show a much higher close this week, according to CNBC. That was the first time since 1954 the Dow increased in each of the 6 final full weeks.
The benchmark S&P 500 Index increased as well and closed within 0.5% of its overall high. However, NASDAQ Composite tackled all session before showing a slight advantage.
U.S. Treasury Bonds
The debts futures of the U.S. government closed lower on Thursday. The yield on the benchmark 30-year Treasury bond was higher at 2.761%, and the yield on the 10-year Treasury bond was up at about 2.431%.
Another auction took place on Thursday. The U.S. Treasury auctioned $28 billion at a yield of 2.37% in 7-year notes; the indicator of demand was 2.55. Major central banks, as well as all indirect bidders, were awarded 60.5%. Domestic money managers and all direct bidders were awarded 13.1%.
U.S. Economic Reports
Traders expected 240K Weekly Unemployment Claims, but they went higher at 245K.
The same concerns the Goods Trade Balance, which increased to 69.7 billion, it was expected 67.7 billion though, and last month’s index was 68.1 billion.
Preliminary Wholesale Inventories didn’t meet the expectations as well, increasing 0.7%, the forecast was 0.4%.
Chicago PMI exceeded the 62.2 expectations and last month’s 63.9 index and posted a robust 67.6.