Nasdaq rises for a fifth day | Job losses continue | Hertz terminates stock sale plans

Tech stocks continue to lift the Nasdaq.

VIEW IN BROWSER | SUBSCRIBE THU, JUN 18, 2020 EVENING BRIEF AS OF THU, JUN 18, 2020 • 04:40 ET DJIA 26080.10 -0.15% -39.51 S&P 500 3115.34 +0.06% +1.85 NASDAQ 9943.05 +0.33% +32.52   Most Active DOW NAME LAST CHG %CHG BA 192.29 -0.25 -0.13% PFE 33.24 -0.32 -0.95% INTC 60.08 -0.41 -0.68% S&P 500 NAME LAST CHG %CHG GE 7.28 +0.04 +0.55% UAL 39.34 +0.09 +0.23% AAL 16.49 -0.49 -2.89% NASDAQ NAME LAST CHG %CHG UAL 39.34 +0.09 +0.23% AAL 16.49 -0.49 -2.89% AMD 54.04 -0.51 -0.93% EDITOR'S NOTE The jobs market is still not out of the woods yet.   Newly released data from the Labor Department showed initial U.S. jobless claims rose by another 1.5 million last week, CNBC's Jeff Cox writes. Economists polled by Dow Jones had forecast an increase of 1.3 million.   That marks 13 straight weeks of unemployment claims above 1 million. Continuing claims, which make up individuals receiving unemployment benefits for at least two weeks, dipped to 20.5 million, a decline of 62,000 from the previous week. Thursday's data release signals Congress may need to extend benefits from the CARES Act, which lets qualified Americans receive an extra $600 per week in unemployment benefits, writes CNBC's Tom Franck. Those payments, however, are set to expire July 31.   The disappointing economic data, coupled with rising coronavirus cases across the U.S., sent the Dow lower for a second straight day.    But the Nasdaq eked out a gain.     Subscribe to CNBC PRO for exclusive insights and analysis, and live business day programming from around the world. Fred Imbert | CNBC Markets Reporter @foimbert TOP NEWS  Dow falls more than 30 points, but Nasdaq ekes out fifth straight gain Jobless claims total 1.5 million, worse than expected as economic pain persists Bankrupt Hertz terminates controversial stock sale Supreme Court rules against Trump's bid to end program shielding 'Dreamer' immigrants Some parts of the U.S. are 'on the cusp of losing control' of coronavirus, Dr. Scott Gottlieb says Goldman Sachs has a 'World Winners' portfolio of global companies with superior growth prospects Facebook removes Trump ads containing symbols used by Nazis to identify political prisoners Another 1 million jobless claims show Congress may need to extend extra benefits set to expire New York Gov. Cuomo considering a quarantine on travelers from Florida as coronavirus cases rise Young trader dies by suicide after thinking he racked up big losses on Robinhood     TOP VIDEO Cramer scolds wealthy money managers for discouraging individual investors   CNBC PRO Here's how to play the top tech trends accelerating from the pandemic, according to Morgan Stanley   SPECIAL REPORTS All-star investor Rich Bernstein warns Fed policies are setting markets up for long-term problems — and may spark a bond bubble These two stocks could be best play on summer travel, market analysts say   Unsubscribe Manage Newsletters Terms of Service Join the CNBC Panel Digital Products Feedback Privacy Policy   © 2020 CNBC LLC. All rights reserved. A property of NBCUniversal. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis. Data also provided by THOMSON REUTERS