Despite Strong Unemployment Data, Dow Falls... S&P 500 and Nasdaq Rise (Comprehensive)

[Image source=Reuters Yonhap News]

[Asia Economy New York=Correspondent Baek Jong-min] The New York stock market opened mixed despite favorable unemployment data.

As of 10:40 a.m. on the 13th (local time), the Dow Jones Industrial Average was down 0.23%, while the S&P 500 index was up 0.06%, and the Nasdaq index was up 0.05%.

On this day, the S&P 500 reached 3,384.52 points intraday, coming even closer to the all-time closing high of 3,386.15 points.

On this day, the U.S. Department of Labor announced that the number of initial jobless claims last week decreased by 228,000 from the previous week to 963,000 (seasonally adjusted). This was lower than the Dow Jones consensus estimate of 1.1 million. This marked the first time since the surge in jobless claims due to the impact of the novel coronavirus disease (COVID-19) starting in March that the number fell below the 1 million mark.