US stocks moved higher on Thursday after weekly jobless claims fell to their lowest level in 52 years.
Jobless claims fell to 187,000 last week, down from the previous week and ahead of the estimates. The underlying strength of the job market is still recovering from the COVID-19 Pandemic, as evidenced by the lowest level of filing since 1969.
On Thursday, oil prices fell more than 2%. On the same day President Joe Biden traveled to Europe to meet with other Western countries regarding the ongoing invasion of Ukraine by Russia, the price of oil dropped.
At 4:00 p.m., the US indexes stood here. The close is on Thursday.
Russia's stock market partially reopened on Thursday for the first time in a month. The country allowed shortened trading in 33 of its 50 stocks, banned short-selling, and blocked foreigners from selling their stocks. The Moscow Exchange went up as much as 12%.
Russian billionaires gained more than $8 billion in wealth on Thursday after the Moscow Exchange resumed partial trading.
The Russia-Ukraine conflict could help boost digital currencies, as sanctions against Russia crippled their economy.
The company said it began production of its electric semi-truck. Between 300 and 500 trucks will be built by the company this year.
Marijuana stocks surged in late afternoon trades on Thursday after the US House of Representatives scheduled a vote next week on a bill that would legalized the drug.
The price of West Texas Intermediate crude oil fell. The international benchmark for oil, called Brent crude, dropped 2.9%.
The price of the digital currency rose 2.83% to $43,960. The price of ether increased by 2.97% to $3,109.
The price of gold rose to $1,638.80 per ounce. The yield on the 10-year Treasury went up.
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