Posted on 02/04/21
| News Source: FOX Business
The Dow Jones Industrial Average was trading up 65 points, or 0.21%, while the S&P 500 and the Nasdaq Composite gained 0.32% and 0.64%, respectively.
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Encouraging news on the economic front, U.S. jobless claims fell to 779,000, a better level than the 830,000 estimates. Continuing claims also dipped to 4.59 million, while still elevated, it is a small sign of progress in the COVID-19 recovery.
On Capitol Hill, Democrats in the House and Senate are set to introduce a resolution Thursday calling on President Biden to take executive action and erase $50,000 of federal student loan debt per individual. Biden has previously pushed back against a cancellation that large in favor of an elimination of $10,000 of student loan debt. Read more at FOX Business