US share rates rose sharply with government bond yields on Thursday as unemployment claims plummeted for more than 50 years as investors continued to weigh the signs of Federal Reserve's aggressive policy.
The S&P 500 increased 0.4% to 4,500.27, the Dow Jones Industrial Average 0.3% to 34,584.03 and the Nasdaq Composite slightly higher to 13,897.30. Health care and energy have led to beneficiaries, and real estate has been a staple among the sectors.
The US 10-year yield increased by 4.5 points to 2.65%, the highest number of days since March 2019.
West Texas Intermediate crude futures increased by $ 0.70 to $ 96.93 a barrel, while gold rose by $ 11.8 to $ 1,934.90 per ounce, and silver increased by $ 0.24 to $ 24.70an per ounce.
The first U.S. unemployment claims dropped to 166,000 during the week ending April 2 from 171,000 last week and compared to the expected 200,000 in a study compiled. According to Trading Economics, the level of 166,000 is the lowest since 1968.
The minutes of the March meeting of the Federal Open Market Committee showed policymakers seemed ready to raise interest rates by 50 points in May, according to a research letter on Thursday. They also look set to launch a major reduction in the $ 9 trillion central bank balance sheet from next month.
"The Fed is closer to the balance sheet than the FOMC statement in March," said Stifel Economic Officer Lindsey Piegza. "With growing concerns about the 'significant' level of inflation and the economic situation, the Fed is ready to take a more aggressive approach to policy."
In corporate affairs, shares of HP (HPQ) increased by 15%, the majority in the S&P 500, after Berkshire Hathaway (BRK.A, BRK.B) reported ownership of about 121 million shares of personal computer manufacturer, representing part of the company. more than 11%.
Twitter (TWTR) has fallen sharply in the S&P 500, down more than 5%. The stock grew earlier this week after Tesla (TSLA) CEO Elon Musk joined the company's social media board with a 9.2% stake.
Among energy ETFs, the United States Oil Fund rose 0.1% to $ 73.14, and the United States Natural Gas Fund was up 5.4% to $ 22.38.
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Courtesy Grizler.com
