The US economy saw yet another historically high number of first-time unemployment insurance claims filed last week, as the coronavirus pandemic continues to strain the labor market.
Stocks rose Wednesday as investors considered the aftermath of a raucous first presidential debate and continued to eye developments among congressional lawmakers for further fiscal stimulus.
Wall Street's main indexes rose on the first day of the fourth quarter on Thursday as investors bet on more fiscal stimulus after data showed a recovery in the labor market was slowing. Shares of American Airlines Group Inc, Delta Air Lines Inc, United Airlines Holdings Inc and JetBlue Airways Corp rose between 0.7% and 2.1%. "Markets are fairly optimistic this morning about the potential for that stimulus package," said Chad Oviatt, director of investment management for Huntington Private Bank in Columbus, Ohio.