Stock Market Today: Jobless Claims Drop, Energy Stocks Pop
by Kyle Woodley
Sep 02, 2021
2 minutes
The major indexes made a tidy little jump out of the gate Thursday in response to fresh, encouraging data on the employment front a day after a weak August ADP payrolls reading ruffled some feathers.
The Labor Department reported that jobless-benefits claims for the week ended Aug. 28 dipped to 340,000 – the lowest tally since March 2020, and 5,000 claims fewer than what economists expected – brighter news than yesterday's weak payroll report from payroll firm ADP.
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