Two minutes after trading on the New York Stock Exchange, the Nasdaq rose 1.15 percent to 8,079.48 points, while the Dow was at 26,758.12 points after a 0.96 percent gain.
Slack Technologies today debuts on the New York Stock Exchange under the ticker WORK.
Claims without employment
Seasonally adjusted US labor market statistics show that applications for unemployment benefits were 216,000 on June 15, down from the 222,000 unaudited the previous week. Consensus was in agreement with our macro calendar of 220,000 job applications.
The four-week average reached 218,750, up from 217,750 weeks previously unaudited.
The number of people who continued to receive continuous complaints was 1,662,000 on June 8, down from the revised 1,699,000 (originally reported: 1,695,000) the previous week.
The US central bank, headed by Governor Jerome Powell, decided on Wednesday to keep the interest rate unchanged at 2.25% to 2.5%. This was fully in line with expectations and nine out of ten voters supported the decision.
St. Louis Fed Chairman James Bullard disagreed and wanted a cut of 0.25 percentage point to 2.0-2.25%.
– The market on the other hand valued more than one cut this year, which gave positive short-term effects on the stock markets, especially in the US, writes Nordnet stock specialist Roger Berntsen in today's report.
Bank of England
The Bank of England maintains its base rate, base rate, unchanged at 0.75%. This was in line with expectations and the decision was unanimous.