Stock Market Today: Dow Clears 34K, Nasdaq Tops 14K as Recovery Accelerates

A steep decline in unemployment claims and better-than-expected retail sales provided fresh evidence of an economic recovery and triggered a broad rally Thursday.

A man jumps onto a seesaw, propelling another man into the air.
(Image credit: Getty Images)

If you're a fan of big, round numbers, you probably enjoyed Thursday's market activity, which saw the major stock indexes flirt with a pair of them amidst a wide, robust rally.

Fueling today's fire? For one, the lowest reading for initial unemployment claims so far in the COVID recovery: 576,000 for the week ended April 10, a sharp decline of 193,000 from the week before.

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Disclaimer

Kyle Woodley was long NVDA as of this writing.

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Kyle Woodley

Kyle Woodley is the Editor-in-Chief of WealthUp, a site dedicated to improving the personal finances and financial literacy of people of all ages. He also writes the weekly The Weekend Tea newsletter, which covers both news and analysis about spending, saving, investing, the economy and more.

Kyle was previously the Senior Investing Editor for Kiplinger.com, and the Managing Editor for InvestorPlace.com before that. His work has appeared in several outlets, including Yahoo! Finance, MSN Money, Barchart, The Globe & Mail and the Nasdaq. He also has appeared as a guest on Fox Business Network and Money Radio, among other shows and podcasts, and he has been quoted in several outlets, including MarketWatch, Vice and Univision. He is a proud graduate of The Ohio State University, where he earned a BA in journalism. 

You can check out his thoughts on the markets (and more) at @KyleWoodley.