Major U.S. stock indexes crept higher in a tame trading session on Thursday.

| THU, AUG 12, 2021 | | | | DOW | | NAME | LAST | CHG | %CHG | | AAPL | 148.89 | +3.03 | +2.08% | | INTC | 53.54 | -0.60 | -1.11% | | MSFT | 289.81 | +2.86 | +1.00% | |
| | S&P 500 | | NAME | LAST | CHG | %CHG | | AAPL | 148.89 | +3.03 | +2.08% | | MU | 70.25 | -4.78 | -6.37% | | AMD | 106.50 | -1.18 | -1.10% | | | | NASDAQ | | NAME | LAST | CHG | %CHG | | AAPL | 148.89 | +3.03 | +2.08% | | MU | 70.25 | -4.78 | -6.37% | | AMD | 106.50 | -1.18 | -1.10% | | | | Major U.S. stock indexes crept higher in a tame trading session Thursday. Nevertheless, the S&P 500 and the Dow Jones Industrial Average both closed at record levels.
The broad market index gained 0.3% to end the day at 4,460.83. The 30-stock Dow rose 14.88 points to close at 35,499.85. The Nasdaq Composite climbed as Big Tech names carried the index higher. It rose 0.3% to end the session at 14,816.26.
Investors mulled over fresh data on jobless claims. New filings for unemployment benefits hit a total of 375,000 for the week ended Aug. 7. That's a decline of 12,000 from the previous week's revised level of 387,000. The unemployment figures arrived as another data point highlighted rising inflation. The producer price index gained 1% last month. Consumers are also facing higher costs. Wednesday's consumer price index report showed prices rose 5.4% in July compared with a year earlier and were up 0.5% from June. Core inflation, which excludes food and energy costs, climbed 0.3% in July. That metric was up 0.9% in June. "Inflation has, at a minimum, paused," said Brad McMillan, chief investment officer at Commonwealth Financial Network. "For both the headline and core figures, the monthly and annual numbers were stable or down from last month. Based on that data, inflation is certainly not on an unstoppable increase." |
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