US STOCKS-S&P 500 Hovers at Record Levels As Jobless Claims Fall 2 New York

Thursday 1441/12/23 - 2020/08/13
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Meanwhile, markets continued to hold on to hopes the Democrats and the White House would reach an agreement for a stimulus to help the economy recover. Unemployment benefits have been a sticking point in their talks.
The U.S. presidential election is also expected to add another layer of uncertainty into markets, with roughly 12 weeks remaining until Election Day.
At 13:06 p.m. ET, the Dow Jones Industrial Average was down 37.90 points, or 0.14%, at 27,938.94 and the S&P 500 was up 2.99 points, or 0.09%, at 3,383.34. The Nasdaq Composite was up 92.37 points, or 0.84%, at 11,104.61.
Consumer discretionary, technology and communication services were among the few advancing S&P sectors.
AMC Entertainment Holdings Inc jumped 17% after the firm said it will start its first phase of reopening theaters in the United States from Aug. 20, covering more than 100 venues. Tapestry Inc fell 2.6% even as it beat quarterly sales estimates. Declining issues outnumbered advancers for a 1.07-to-1 ratio on the NYSE. Advancing issues outnumbered decliners by a 1.01-to-1 ratio on the Nasdaq. The S&P index recorded 13 new 52-week highs and no new low, while the Nasdaq recorded 53 new highs and 16 new lows.
--SPA
20:44 LOCAL TIME 17:44 GMT
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