Market Watch: Jobs, Inflation Data In Focus

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U.S. stocks were higher on Thursday, as the markets rebounded from their first-three day losing streak since March.

Disappointing retails sales figures pushed the markets lower yesterday, and today the focus changed to weekly jobless claims data and the producer price index, which expert hoped would shed light on inflation.

Jobless claims dipped very slightly to 264,000 to remain at their 15-year low, while producer prices tumbled -0.4% when a 0.1% increase was expected.

The market will continue to watch these numbers, primarily due to their expected impact on a future hike in the interest rate. While the current consensus holds that a rate hike will come in September, no one has ruled out the possibility of a June increase.

Here are the final numbers from Thursday on Wall Street:

Dow Jones Industrial Average: 18,252.24 (+191.75)

NASDAQ: 5,050.79 (+69.10) 

S&P 500: 2,121.10 (+22.62) 

Phil Cannella
Partnered with CBS Radio Network, Phil Cannella reports on the issues most important to the American retiree.
Phil Cannella

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