U.S. stocks are drifting around their records on Thursday as technology stocks keep rising and as Wall Street keeps ignoring the shutdown of the U.S. government.
The S&P 500 rose 0.1%, coming off its latest all-time high. The Dow Jones Industrial Average rose 68 points, or 0.2%, as of 1:58 p.m. Eastern time, and the Nasdaq composite was 0.3% higher and hovering above its own record.
Thursdays on Wall Street typically mean investors are reacting to the latest weekly tally of U.S. workers applying for unemployment benefits. But D.C.’s shutdown means this week’s report on jobless claims has been delayed. An even more consequential report, Friday’s monthly tally of jobs created and destroyed across the economy, will likely also not arrive on schedule.
That increases uncertainty when much on