Stock Market Today: Dow's Winning Streak Hits Seven Straight Days

The main indexes rose Thursday as higher-than-expected weekly jobless claims boosted rate-cut expectations.

stock market ticker board with three dimensional blue arrow pointing up
(Image credit: Getty Images)

Stocks held on for a win Thursday as bad-news-is-good-news jobs data offset a number of negative earnings reactions. The report lifted expectations for a September rate cut and kept the main indexes higher through the close.  

At the close, the Dow Jones Industrial Average was up 0.9% at 39,387 – its seventh straight win – on strength in Home Depot (HD, +2.5%) and Caterpillar (CAT, +2.1%). The S&P 500 rose 0.5% to 5,214, and the Nasdaq Composite gained 0.3% to 16,346.

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Karee Venema
Senior Investing Editor,

With over a decade of experience writing about the stock market, Karee Venema is the senior investing editor at She joined the publication in April 2021 after 10 years of working as an investing writer and columnist at Schaeffer's Investment Research. In her previous role, Karee focused primarily on options trading, as well as technical, fundamental and sentiment analysis.