US stock market closes higher, Dow Jones gains 0.34%

US initial jobless claims for the week ending May 13 fell by 22,000 from the previous week to 242,000. Analysts, in turn, were waiting for the indicator to decrease to 254 thousand. Thus, the decrease in applications may signal a positive direction for the US dollar.

At the close in the New York Stock Exchange, the Dow Jones was up 0.34%, the S&P 500 was up 0.94% and the NASDAQ Composite was up 1.51%.

News are provided by InstaForex

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