Stock benchmarks were cutting early declines Thursday morning, as first-time claims for unemployment benefits receded much more rapidly than anticipated, but investors appeared somewhat hesitant to push stocks much further near records amid a stalemate over a fresh coronavirus aid package. The Dow Jones Industrial Average (DJIA) traded 55 points, 0.2%, lower near 27,920, while the S&P 500 (SPX) added about 2 points, less than 0.1%, to trade near 3,382. The Nasdaq Composite (COMP) rose 83 points or 0.8%, trading near 11,095.
Asian markets mostly gained in early trading Thursday, after tech stocks led a rally on Wall Street.
Shares were mostly lower in Asia on Wednesday after Wall Street pumped the brakes on its recent rally.