The three major benchmarks are solidly in rebound territory after a pretty devastating loss on Monday. Yesterday, the Dow Jones Industrial Average ticked up another 186 points, while the S&P 500 and the Nasdaq also inched ahead nearly 1%. Today, futures pointed to further gains.
This morning, the Labor Department released its latest look at initial jobless claims, and investors were expecting another pandemic-era low, somewhere around 350,000 new claims.
Meanwhile, AT&T reported this morning that wireless subscriber additions came in higher than expected. American Airlines and Southwest also reported revenue jumps for the second quarter.