Stock Market Today: Do, S&P 500, Nasdaq Futures Gain As Trump Celebrates Record Gains— Fortinet, Whirlpool, Core Scientific In Focus (UPDATED)
(Editor’s note: The future prices of benchmark tracking ETFs, and the headline, the lede and the economic were updated in the story.)
U.S. stock futures rose on Thursday after Wednesday’s record rally. This followed President Donald Trump‘s celebration of record stock market gains.
On the economic data front, initial jobless claims for the week ending May 2 increased by 10,000 to a seasonally adjusted 200,000. Simultaneously, preliminary first-quarter data revealed that nonfarm business labor productivity increased by 0.8%, while unit labor costs advanced by 2.3%, offering investors insight into wage pressures and the broader trajectory of the U.S. labor market.
Trump said that strong job growth and rising retirement accounts reflected continued economic momentum. He posted on Truth Social
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