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DJ Update: S&P 500, Nasdaq End At Records After Economic Data, Upbeat Earnings -- MarketWatch

· 02/04/2021 16:03
For more from MarketWatch: http://www.marketwatch.com/newsviewer

Stocks ended higher Thursday, with the S&P 500 and Nasdaq Composite closing at records as investors appeared to cheer economic data and a continued run of upbeat corporate earnings. The Dow Jones Industrial Average rose around 332 points, or 1.1%, to close near 31,056, according to preliminary figures. The S&P 500 advanced around 42 points, or 1.1%, to finish near 3,871, while the Nasdaq Composite gained around 167 points, or 1.2%, to end near 13,778; both indexes took out previous record finishes set on Jan. 25. First-time claims for unemployment benefits remained elevated, but fell to a nine-week low of 779,000 (http://www.marketwatch.com/story/new-applications-for-unemployment-benefits-fall-to-nine-week-low-of-779-000-jobless-claims-show-11612446146) last week, the Labor Department reported. Shares of Ebay Inc. (EBAY) jumped more than 5% after the online marketplace delivered results that beat expectations (http://www.marketwatch.com/story/ebay-results-buoyed-by-luxury-watches-sneakers-and-refurbished-holiday-gifts-11612389639).

-William Watts

(END) Dow Jones Newswires

February 04, 2021 16:03 ET (21:03 GMT)

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