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MARKETS LIVE BLOG:

STOCKS TRADE HIGHER; DISNEY SINKS AFTER EARNINGS

Apple reportedly designing its own AI chips for data centres

Market Recap: Thursday, April 30

Yahoo Finance Video

Stocks fell Thursday after the Labor Department’s latest print on new weekly jobless claims showed a greater than expected 3.8 million individuals filed for initial unemployment insurance last week. However, rallies earlier in the month pushed the S&P 500 to post its best monthly gain since 1987. The blue-chip index was up 12.68% for April. The Dow rose 11% for April, and the Nasdaq jumped 15.45%.

Video Transcript

JEN ROGERS: Welcome back to Yahoo Finance. Stocks set to close lower here on the day, but we are looking at our best month in decades. April has not been so bad for equities overall. Big after hours earnings coming up as well in just a few minutes.

Again, closing bell here on Wall Street with stocks set to close lower.

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[BELL RINGING]

OK, my friends, that's it. April in the bag. We are again closing lower here.

S&P off just about 1%. The Dow is the laggard for today. Also, the Russell really outpacing all others, though. [? We ?] want to count our fourth major here, off some 3%. Crude to the upside.