Stock Market Today: New Highs for Stocks as Unemployment Claims Near 2021 Levels
Although initial jobless claims decreased this week, continuing claims rose by 37,000 to a level not seen since 2021.
What's trading at a new high? The U.S. stock market is. That's what.
Perhaps it's more accurate to say that the U.S. was trading at a new high. S&P 500 futures have been as high as 6171 this morning, beating the old intraday futures high of 6166. The cash S&P 500 trades at a lower level, and the current high from February is 6147.
