- US stocks edged lower on Thursday as investors digested mixed bank earnings and a rise in jobless claims.
- Goldman Sachs, Citigroup, and Morgan Stanley beat Q1 earnings estimates, while Wells Fargo missed.
- Meanwhile, jobless claims jumped 18,000 to 185,000 last week after falling to a 54-year low.
US stocks were slightly higher on Thursday as investors digested a slew of bank earnings and a rise in weekly jobless claims.
$4, $4, and $4 all reported $4 analyst estimates, as a strong consumer and $4 was enough to outweigh a near-halt in underwriting activity for IPOs.
$4 first-quarter earnings results missed analyst estimates as non-interest revenue plunged 28% from the prior quarter.
Meanwhile, jobless claims jumped 18,000 to 185,000 last week after falling to a 54-year low in the prior week. All-in, the low jobless claims still points to a tight labor market as demand for workers outstrips supply.
Here's where US indexes stood shortly after the 9:30 a.m. ET open on Thursday:
- S&P 500>$4: 4,452.77, up 0.14%
- Dow Jones Industrial Average>$4: 34,789.73, up 0.65% (225.14 points)
- Nasdaq Composite>$4: 13,654.17, up 0.06%
Elon Musk made waves on Thursday after $4 Musk offered $54.20 per share for all of Twitter's outstanding shares, representing a value of more than $40 billion and a premium of 18% from Wednesday's close.
While Twitter's board of directors reviews the offer, Wedbush analyst Dan Ives $4
Holders of Russian dollar bonds have said they cannot accept rubles, in the latest sign $4 Russia last week transferred rubles to make bond payments, after the US Treasury blocked its attempts to pay in dollars.
$4 oil fell as much as much as 1.60% to $102.58 per barrel. $4, oil's international benchmark, fell as much as 1.52% to $107.13.
Bitcoin fell 0.36% to $41,188. Ether prices fell 0.94% to $3,089.
$4 fell as much as 0.27% to $1,979.40 per ounce. The yield on the 10-year Treasury added three basis points to 2.73%.