Markets were mostly higher on Thursday, with the S&P 500 rising 0.3 percent to another record high.
In the US, a report showed that first-time claims for unemployment insurance totaled 340,000 for the week ended 28 August, the lowest since March 2020.
Mike Loewengart, managing director of investment strategy at E-Trade, said that “on one hand a solid jobs report is a positive indication of economic recovery, and on the other it backs up the Fed’s case to begin tapering”.
Credit Suisse said: “The relentless march higher on low volatility in U.S. equities continues and with breadth, volume positioning and sentiment measures all positive in our view we look for the rally to extend further into new highs yet.”
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