About: http://data.cimple.eu/news-article/30907ed27b7485d400863ae5f9c44880b56860775a3ee27c19124f5b

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An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	Wall Street stocks finished solidly higher on Thursday, with traders looking past another spike in jobless claims caused by the coronavirus and instead focusing on the gradual reopening of the US economy. The Dow Jones Industrial Average rose 0.9 percent to end at 23,875.89. The broad-based S&P 500 advanced 1.2 percent to close at 2,881.19, while the tech-rich Nasdaq Composite Index jumped 1.4 percent to 8,979.66. Another 3.2 million workers applied for US unemployment claims last week, according to the latest government data, taking the count in the wake of coronavirus shutdowns to 33.5 million. The data came ahead of Friday's potentially historic April jobs report, which will provide the most comprehensive accounting thus far of the devastation in the labor market following the shutdowns. Trading in Thursday's session -- which at times lifted the Nasdaq back into positive territory for the year -- again illustrated the market's focus on the future. "Investors are looking forward to a reopening of the economy and they are looking past COVID-19," said Adam Sarhan of 50 Park Investments. A positive catalyst on Thursday was an announcement from biotech company Moderna that it received clearance from the US Food and Drug Administration for a phase-two study of a vaccine for the novel coronavirus. Shares of Moderna jumped 8.7 percent following the statement. PayPal surged 14.0 percent as it reported a drop in first-quarter profits but described strong growth in April in which it added 7.4 million new active accounts. Peloton Interactive was another big winner, soaring 16 percent as it lifted its full-year forecast in light of strong demand for at-home exercise equipment. jmb/hs
schema:headline	US stocks end higher, overlooking latest layoff data
schema:mentions	S&P 500 Index Jobless claims Dow Jones Industrial Average PayPal Adam Vaccine Severe acute respiratory syndrome coronavirus 2 Coronavirus disease 2019 Peloton (company) Fundamental analysis Exercise equipment Urban renewal NASDAQ Composite
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-05-07 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	64 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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