STOCKS GO NOWHERE: Here’s what you need to know

The S&P 500 and Down Jones Industrial average slipped on Thursday, while the Nasdaq ended the slightly higher.

A spike in jobless claims in the wake of Hurricane Harvey caused both the dollar and the 10-year yield to drop.

The greenback fell 0.8% to 91.55 versus a basket of its peers and finished at its lowest level since January 2015.

Meanwhile, the 10-year yield sank 5 basis points to 2.05%, ending at its lowest level since the election.

And now, the scoreboard:

  • Dow: 21,783.70, -23.94, (-0.11%)
  • S&P 500: 2,464.29, -1.25, (-0.08.%)
  • Nasdaq: 6,397.31, +4.23, (+0.06%)


  1. Trump has a ‘gentleman’s agreement’ with Chuck Schumer to get rid of the debt ceiling permanently. The president seems very willing to work with Democrats on the debt ceiling, which might make the rest of his agenda harder.
  2. Initial jobless claims surge because of Hurricane Harvey. Claims surged by 62,000 in the wake of Hurricane Harvey, Labour Department data released on Thursday showed.
  3. A FUN ONE: NFL quarterbacks and tech stocks dominate their respective worlds — here are 7 perfect matchups
  4. TOP ANALYST: Starbucks could be an ‘indirect casualty’ of the retail apocalypse. The company has a lot of work to do in the digital realm.
  5. BANK OF AMERICA: Here’s how to make a killing from the next tech boom with ‘limited risk.’ It’s been hard to miss the rally in tech stocks this year.


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