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U.S. Stock Futures Rally as Jobless Claims Trend Lower – The Wall Street Journal

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U.S. Stock Futures Rally as Jobless Claims Trend Lower – The Wall Street Journal

The Nasdaq Composite index closed Thursday in positive territory for 2020 for the first time in two months, clawing back much of its losses since the coronavirus pandemic began rattling the U.S. stock market. Investors have continued to prize the big tech companies that drove much of the recent decadelong bull market and which make…

U.S. Stock Futures Rally as Jobless Claims Trend Lower – The Wall Street Journal

The Nasdaq Composite index closed Thursday in positive territory for 2020 for the first time in two months, clawing back much of its losses since the coronavirus pandemic began rattling the U.S. stock market.

Investors have continued to prize the big tech companies that drove much of the recent decadelong bull market and which make up a heavy share of the Nasdaq. With a daily advance of 1.4%, the index ended the day in the green year-to-date for the first time since March 4. It remains down 8.5% from its February high.

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