Dow touches record high as unemployment claims slip

Published by
Reuters

By Medha Singh and Bansari Mayur Kamdar (Reuters) – The blue-chip Dow hit an all-time high on Thursday, extending a record-setting run as a dip in weekly jobless claims allayed fears over the economic damage from a rampant surge in COVID-19 infections in the United States. Financials, materials, and energy sectors, which tend to benefit in an environment of improving economic outlook, led gains among nine of the 11 major S&P 500 sector indexes trading higher. The Labor Department’s data showed that the number of Americans filing for new unemployment claims slipped to 198,000 in the Christmas w…

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