{"id":39735,"date":"2022-12-29T15:56:00","date_gmt":"2022-12-29T15:56:00","guid":{"rendered":"https:\/\/youtrading.com\/en\/?p=39735"},"modified":"2022-12-29T18:20:35","modified_gmt":"2022-12-29T18:20:35","slug":"market-wrap-stocks-break-losing-streak","status":"publish","type":"post","link":"https:\/\/youtrading.com\/en\/market-wrap-stocks-break-losing-streak\/","title":{"rendered":"Market Wrap &#8211; Stocks break losing streak"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"39735\" class=\"elementor elementor-39735\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<div class=\"elementor-inner\">\n\t\t\t\t<div class=\"elementor-section-wrap\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-471182c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"471182c\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-330373b\" data-id=\"330373b\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5755c04 elementor-widget elementor-widget-text-editor\" data-id=\"5755c04\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p>The major indices in the United States traded higher on Thursday as they broke their recent multi-day losing streak on the back of positive market sentiment.<\/p><p>Stocks indices such as the <a href=\"https:\/\/bit.ly\/3WpA7u0\" target=\"_blank\" rel=\"noopener\">S&amp;P500<\/a> and the <a href=\"https:\/\/bit.ly\/3BGvYdd\" target=\"_blank\" rel=\"noopener\">Nasdaq100<\/a> traded higher by around 1 percent, while the <a href=\"https:\/\/bit.ly\/3WlCxtz\" target=\"_blank\" rel=\"noopener\">Dow Jones Industrial Average<\/a> traded higher by over 0.50%.<\/p><p>European stock averages were also buoyed with the <a href=\"https:\/\/bit.ly\/3FBVAZQ\" target=\"_blank\" rel=\"noopener\">GER40<\/a> and the <a href=\"https:\/\/bit.ly\/3W5hvQe\" target=\"_blank\" rel=\"noopener\">CAC40<\/a> trading higher by around 0.90% intraday. The <a href=\"https:\/\/bit.ly\/3W5uXnp\" target=\"_blank\" rel=\"noopener\">FTSE100<\/a> lagged behind with a 0.25% gain.<\/p><p>Accordingly, with the positive sentiment bias in play the United States dollar sold-off against the <a href=\"http:\/\/bit.ly\/2YAQOVh\" target=\"_blank\" rel=\"noopener\">euro currency<\/a>. However, <a href=\"http:\/\/bit.ly\/2Zn4HaM\" target=\"_blank\" rel=\"noopener\">sterling<\/a> remained largely flat.<\/p><p>On the data front, US weekly unemployment benefits increased to 225,000 for the week ended December 24, according to Labour Department data released Thursday.<\/p><p>This was up 9,000 from the previous week\u2019s tally of 216,000. Economists were expecting 225,000 initial claims, according to most experts estimates.<\/p><p>Weekly initial claims have been hovering at pre-pandemic levels for the last few months, only slightly above the 2019 weekly average of 218,000.<\/p><p>Continuing claims, which are filed by people who have received unemployment benefits for more than one week, increased to 1.71 million for the week ended December 17, from 1.67 million.<\/p><p>That latest continuing claims are now at their highest level since February. Therefore the mood switch to risk-on is clearly to do with the improved COVID-19 situation in China.<\/p><p>Weekly jobless claims are known to volatile, especially around the holiday season. It should also note that they are also frequently subject to revision.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>The major indices in the United States traded higher on Thursday as they broke their recent multi-day losing streak on the back of positive market sentiment. Stocks indices such as the S&amp;P500 and the Nasdaq100 traded higher by around 1 percent, while the Dow Jones Industrial Average traded higher by over 0.50%. European stock averages [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":39737,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[2],"tags":[302,257,18,57,561,27,75,279],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v17.6 (Yoast SEO v20.11) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Market Wrap - Stocks break losing streak - Youtrading UK<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/youtrading.com\/en\/market-wrap-stocks-break-losing-streak\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Market Wrap - Stocks break losing streak Market Wrap - Stocks break losing streak\" \/>\n<meta property=\"og:description\" content=\"The major indices in the United States traded higher on Thursday as they broke their recent multi-day losing streak on the back of positive market sentiment.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/youtrading.com\/en\/market-wrap-stocks-break-losing-streak\/\" \/>\n<meta property=\"og:site_name\" content=\"Youtrading UK\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/YouTradingEnglish\/\" \/>\n<meta property=\"article:published_time\" content=\"2022-12-29T15:56:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-29T18:20:35+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2022\/12\/gettyimages-180750308.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"512\" \/>\n\t<meta property=\"og:image:height\" content=\"328\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Nathan Batchelor\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Market Wrap - Stocks break losing streak Market Wrap - Stocks break losing streak\" \/>\n<meta name=\"twitter:description\" content=\"The major indices in the United States traded higher on Thursday as they broke their recent multi-day losing streak on the back of positive market sentiment.\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Nathan Batchelor\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/youtrading.com\/en\/market-wrap-stocks-break-losing-streak\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/youtrading.com\/en\/market-wrap-stocks-break-losing-streak\/\"},\"author\":{\"name\":\"Nathan Batchelor\",\"@id\":\"https:\/\/youtrading.com\/en\/#\/schema\/person\/88ce8e6688d6c690a83e6cbeee2eccab\"},\"headline\":\"Market Wrap &#8211; 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