U.S. stock indexes open mixed but mostly flat on Thursday

Tiger Newspress2021-09-09

(Sept 9) U.S. stock indexes open mixed but mostly flat on Thursday as investors weigh jobless claims data, ECB moves.

Some Big Tech shares such as Apple, Facebook and Amazon were in the green amid the economic uncertainty, boosting the Nasdaq a bit.

Helping sentiment was a better-than-expected weekly reading on jobless claims. Initial jobless claims came in 310,000, which was below expectations of 335,000 claims. The result follows a disappointing August jobs report last week.

On the flip side, several airlines on Thursday lowered their forecasts because of the resurgence in Covid. United Airlines, American Airlines and Southwest Airlines each gave cautious comments.

Most of China concepts stocks fell in early trading.

GameStop sinks on lack of guidance; Lululemon soars on strong outlook.

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