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American equity markets rise after upbeat jobless claims

The US Stock market opened higher Thursday as further signs of a recovery across the US labor market were confirmed with better-than-expected data. In particular, Initial Jobless Claims (March 10) came in at only 332K, against expectations of 350K. Moreover, the Producer Price Index (YoY) grew +1.7% in February, in line with consensus projections. Finally, the Producer Price Index ex-Food and Energy yielded a figure of +0.2% in February, matching expectations of +0.2%.

Beginning with the indices and composites, the NASDAQ rose +0.35% as it settles in region of 3256.75, up +11.22 points in these moments. In addition, the S&P 500 is trading in positive territory, operating at 1560.50, ascending +6.05 points or +0.39% at the time of writing. Finally, the Dow Jones has edged higher at the opening, trading in the zone of 14482.30, presently +0.19% after a movement of +27.02 points.

Sectors are all positive currently, however the Energy and Technology sectors have distinguished themselves as main winners thus far, rising +0.59% and +0.51% respectively. In other news, the price of crude has settled below USD $92.67/bbl Thursday.

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