Wall Street closes up after choppy trading due to higher jobless claims

wall street closes up after choppy trading due to higher jobless claims

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.

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