The number of Americans filing initial jobless claims rose slightly in the week ended Sept. 19 to 870,000, still far above pre-pandemic levels and higher than economists were expecting. The Dow Jones Industrial Average (DJINDICES: ^DJI) managed to rise nonetheless on Thursday, up around 0.25% at 11:45 a.m. EDT. The Dow was volatile throughout the morning, so that gain may not hold.
Shares of Nike (NYSE: NKE) failed to rise along with the Dow even after an analyst talked up the company's digital transformation. Positive analyst commentary did help Home Depot (NYSE: HD) and Goldman Sachs (NYSE: GS) stocks, both of which were in positive territory by late morning.
Image source: Nike.
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Dow Jones Volatile on Elevated Unemployment Claims; Nike, Home Depot, and Goldman Sachs Talked Up by Analysts