HOME > MARKETS > MARKET COMMENTARY
  MARKET COMMENTARY
EQUITY
US markets end higher on Thursday
Jul-11-2025

The US markets ended higher on Thursday with the Nasdaq and the S&P 500 reaching to their new record highs close. The continued up-move came on Wall Street as traders seemed to overlook uncertainty about President Donald Trump's trade policies amid his continuous threats of higher tariffs on various sectors and countries. Besides, decline in claims of unemployment benefits kept the sentiments upbeat. The Labor Department released a report showing first-time claims for US unemployment benefits unexpectedly edged modestly lower in the week ended July 5, 2025. The report said initial jobless claims dipped to 2,27,000, a decrease of 5,000 from the previous week's revised level of 2,32,000. Meanwhile, the street had expected jobless claims to inch up to 2,35,000 from the 2,33,000 originally reported for the previous week.

On the sectoral front, airline stocks showed a substantial move to the upside on the day, with the NYSE Arca Airline Index soaring by 7.8 percent to its best closing level in four months. Further, significant strength has been seen among steel stocks, as reflected by the 1.8 percent jump by the NYSE Arca Steel Index.

Dow Jones Industrial Average climbed 192.34 points or 0.43 percent to 44,650.64, Nasdaq inched up 19.33 points or 0.09 percent to 20,630.66 and S&P 500 rose 17.20 points or 0.27 percent to 6,280.46.

  RELATED NEWS >>