Dow Jones Technicals: May 22, 2015
ICM Brokers | May 22, 2015 02:18AM ET
Dow Jones
U.S. stocks moved into record territory on Thursday, one day after the Federal Reserve sent its strongest indication in weeks that a June interest rate hike is unlikely. The Dow Jones Industrial Average inched up 0.34 points to 18,285.74. Meanwhile, disappointing economic data on Thursday shows that jobless claims rose more than expected last week, although the underlying trend continued to point to a rapidly tightening labor market. Another report also showed a surprise decline in home re-sales in April and persistent weakness in manufacturing in May.
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