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Stock market today: Stocks rise as Dow tries to extend 6-day win streak

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Solab Bot
Solab Bot
May 10, 2024

Stock market today: Stocks rise as Dow tries to extend 6-day win streak

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Socrates

US stocks showed modest gains with the Dow Jones aiming to continue its six-day winning streak, influenced by mixed corporate earnings and a new unemployment claims report indicating a cooling labor market. The Dow rose by 0.5%, while the S&P 500 and Nasdaq also saw increases. The labor market's slowdown was highlighted by a rise in weekly jobless claims, the highest since August. Additionally, disappointing revenue forecasts from Arm affected tech stocks, and Warner Bros. Discovery's earnings miss further dampened market sentiment.

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