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May 26, 2022, 9:51 a.m. EDT

Dow extends gains as U.S. stocks trade sharply higher Thursday morning

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By Christine Idzelis

All three major U.S. stock benchmarks were trading sharply higher Thursday morning, as investors digested labor-market data showing initial jobless claims fell last week. The Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +1.05% was up 1.2%, while the S&P 500 /zigman2/quotes/210599714/realtime SPX +1.06% gained 1.1% and the Nasdaq Composite /zigman2/quotes/210598365/realtime COMP +0.90% climbed 1%, according to FactSet data, at last check. The U.S. Department of Labor reported Thursday that new jobless claims fell by 8,000 in the week ending May 21 to 210,000, signaling that layoffs remain extremely low. All three major benchmarks finished higher Wednesday, with the Dow booking a fourth straight day of gains.

/zigman2/quotes/210598065/realtime
US : Dow Jones Global
31,097.26
+321.83 +1.05%
Volume: 313.35M
July 1, 2022 5:45p
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/zigman2/quotes/210599714/realtime
US : S&P US
3,825.33
+39.95 +1.06%
Volume: 2.20B
July 1, 2022 5:45p
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/zigman2/quotes/210598365/realtime
US : Nasdaq
11,127.85
+99.11 +0.90%
Volume: 4.11M
July 1, 2022 5:16p
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