Sumary of Wall Street closes up after choppy trading due to higher jobless claims:
- Yields on U.S. Treasuries eased after the auction of $16 billion in 10-year TIPS was bid at a record low.
- The yield on 10-year Treasury notes US10YT=RR fell 2.2 basis points to 1.260%.
- Earlier this week, a revived appetite for riskier assets came as worries eased that the Delta variant of COVID-19 would seriously crimp economic recovery, helping to lift crude oil prices.
- OIL FIRMS Oil prices rose about $1.50 a barrel on Thursday, extending strong gains made in the previous sessions on expectations of tighter supplies until the end of the year as economies recover from the pandemic.
- U.S. crude recently was unchanged at $71.91 per barrel and Brent was at $73.62, up 1.92% on the day.
- Cryptocurrencies were firm after bouncing from lows when Tesla boss Elon Musk said the carmaker would likely restart accepting bitcoin payments after due diligence on its energy use.