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US stocks close higher for a third-straight day despite an unexpected jump in jobless claims


US stocks close higher for third-straight day despite unexpected jump in jobless claims
The number of Americans seeking unemployment benefits rose to 419,000 last week from 368,000 the previous week, upending analyst predictions of a drop to 350,000
4:05pm: US equities close higher
US stocks closed higher for a third-straight day despite an unexpected jump in jobless claims.
Tech stocks led the market higher as optimism about the sector grows ahead of big earnings reports next week for some of the largest names.
On the day, the Dow rose a slight 0.07% to 34,823. The S&P 500 increased 0.20% to 4,367 and the tech-heavy Nasdaq jumped by 0.36% to 14,684. ....

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Thom Calandra: Favorite Commodity and "Obscure" Stocks to Watch


Thom Calandra of the Calandra Report shares the commodity he’s most bullish on, as well as exploration stocks he’s watching right now.
Various metals have experienced upward price momentum in 2021, spurring discussions of whether the resource sector is in the midst of a commodities supercycle.
Sharing his thoughts on the situation, Thom Calandra of the Calandra Report said it’s too soon to tell.
“The question I think you and I have to ask ourselves is with metals … some of them (are) hitting new highs or fresh highs, or the highest points they’ve seen in 11 years, let’s say, in the case of gold are they going to surpass those highs now, or are they going to hang out?” he commented. ....

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