Stocks increase on improvement in jobs data; AT&T, Tesla shine


US stocks help open due to improvement in the job market and strong earnings from the likes of AT&T and Tesla.

The anchor Security The last Change Change %
Me: DJI Dow jones average 28232.21 21.39 + 0.08%
Me: comp NASDAQ Composite INDEX 11492.440256 7.75 + 0.07%
SP500 S&P 500 3439.98 4.42 + 0.13%

The Dow Jones Industrial Average rose 55 points or 0.17%, while the S&P 500 and Nasdaq Composite saw gains of 0.24% and 0.48%, respectively.

Jobless Classes Fall

American weekly jobless claims are 787,000 fewer than 860,000. Continued claims, which track the total number of unemployed receiving benefits, fell to 8.37 million, also better than expected.

Things to notice

Tesla Inc. shares traded at the beginning of Thursday as the electric automaker reported third-quarter results that were better than expected.

The anchor Security The last Change Change %
TSLA TESLA INC. 430.50 7.86 + 1.86%
T AT&T Inc. 28.20 1.47 + 5.48%
KO COCA-Cola Company 50.85 0.89 + 1.77%

Profit rose 105% to $ 0.76 per share from the year-ago period, ahead of the $ 0.57 percent estimate, while total revenue climbed 39% to $ 8.77 billion, up from $ 8.36 billion.

AT & T’s shares also came in after revenue, at more than $ 42 billion, slightly higher than expected and Coca-Cola reported stronger than expected profits and revenue.

American Airlines and Northrup Grumman also had better-than-expected earnings.

The anchor Security The last Change Change %
AAL American Airlines Group Inc. 12.56 -0.18 -1.45%
NOC NORTHROP GRUMMAN CORPORATION 312.31 3.96 + 1.28%

STOLULUS WAIT, 10-YERE Trisree Heights 5-Month High

The anchor Security The last Change Change %
PTON PELOTON Interactive 126.24 1.94 + 1.56%

Consumer advice

The anchor Security The last Change Change %
PTON PELOTON Interactive 126.02 1.72 + 1.38%
CMG Chipped Maxican Grill Inc. 1,285.24 -76.34 -5.61%

Shares of Peloton Interactive Inc. declined after the shares were “neutralized” by Goldman Sachs as the near-term opportunity price was taken into consideration.

Chipotle Mexican Grill shares were also slammed after the fast-casual restaurant chain reported comparable sales in the third quarter were mild compared to analysts.

STIMULUS TALKS ONGOING

House Speaker Nancy Pelosi told MSNBC that there would be additional talks with Treasury Secretary Steven Menuchin regarding another stimulus package the two sides have to strike a deal and that “very soon [they’d] Be prepared to apply pen paper. ”

On Wednesday, MPs had a breakthrough in the next round of fiscal stimulus, but the timing is still uncertain.

White House Chief of Staff Mark Meadows told FOX Business that a deal is near. “I can tell you that the negotiations have entered a new phase that is more on the technical side in trying to get the language up,” Meadows told Maria Bartiromo. Many issues still have to be worked out, but in the last 24 hours the ball has gone down the field. ”

This comes as COVID-19 cases last longer. According to the latest data from Johns Hopkins University, new infections of COVID-19 grew at the fastest rate in nearly three months, with more than 60,000 new cases reported on Tuesday.

Additionally, New York, which was one of the earliest epidemics of the epidemic, said it had more than 2,000 new cases on Wednesday, the highest number since May.

Housing data

In other economic news, current-home sales for September will be released later in the trading day, with economists looking for a reading of 6.1 million from an earlier reading of 6 million.

Key indicators and the Energy Information Administration’s weekly natural gas inventory report will also be examined.

After the market closes, investors will focus on the results of Intel Company, Boston Bear, Capital One Financial Inc., Mattel Inc., etc.

The anchor Security The last Change Change %
INTC Intel corporation 53.45 -0.05 -0.09%
Sam BOSTON BEER 928.87 17.65 + 1.94%
COF Capital One Financial Corp. 75.97 2.23 + 3.02%
Mate MATTEL INC. 12.67 0.22 + 1.77%

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West Texas Intermediate crude oil went up slightly to $ 40.15 per barrel, while gold came in at $ 1,920.40 an ounce.

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Fox Business’ Susan O’Lorhan contributed to this story.

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