As the number of unemployment benefits weakened optimism, Wall Street opened mixed; the Dow Jones index was flat Investing.com

Jeffrey Smith

Investing.com-The U.S. stock market opened on Thursday with mixed results and lost some of the early momentum in the futures market. The increase in the number of people who filed for unemployment benefits for the first time has exacerbated concerns that the re-spread of the Covid-19 virus may undermine economic recovery.

By 9:45 a.m. Eastern Time (1345 GMT), the index had fallen 6 points and was actually flat at 34,792 points. After another round of generally stable earnings updates, both The and The are slightly higher.

Earlier, the Department of Labor stated that the number of people who applied for unemployment benefits for the first time last week had risen to 419,000, the highest level in two months.

The semiconductor industry also issued a warning after Texas Instruments (NASDAQ:) issued its apparently conservative guidance for the quarter late Wednesday. Texas stocks fell 5.0% in early trading. Intel (NASDAQ:), the largest chip manufacturer in the United States, reported its earnings after the market closed.

Didi Global ADR (NYSE:) once again performed outstandingly. Bloomberg reported that the Chinese authorities are planning to impose “possibly unprecedented” penalties on the company because the company violated recommendations to postpone its IPO in New York. Regulatory agency. Bloomberg said the punishment may even include forced delisting.