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DJ S&P 500, Nasdaq Hit Highs; Jobless Claims Better Than Expected -- Market Talk

· 02/04/2021 16:05

16:05 ET - US stocks rise broadly as jobless claims come in lower than expected, with the Nasdaq and S&P hitting all-time highs. Last week, 779,000 people applied for initial jobless benefits, a still historically high number due to the ongoing pandemic. Qualcomm slides 8.8% as it just missed revenue expectations, saying results were hurt by supply restraints. EBay gains 5.3% and PayPal jumps 7.4% as their bottom lines rose. The Dow gains 1.1% to 31056 and the S&P 500 rises 1.1% to 3871, with both indexes up all four days so far this week. The Nasdaq advances 1.2% to 13777. (jonathan.vuocolo@wsj.com; @jonvuocolo)

(END) Dow Jones Newswires

February 04, 2021 16:05 ET (21:05 GMT)

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