Americans are shopping, traveling and eating out more as the pandemic has waned.
U.S. unemployment claims fall to a new pandemic low of 360,000
Baker Hughes on Friday reported that the number of active U.S. rigs drilling for oil was down by two at 385 this week. That followed four weekly increases in a row. The total active U.S. rig count, which includes those drilling for natural gas, also declined by three to stand at 488, according to Baker Hughes. September West Texas Intermediate crude continued to trade higher, with the contract up 35 cents, or 0.5%, to $73.97 a barrel on the New York Mercantile Exchange.
Stocks finish at record highs Friday, with the Dow Jones Industrial Average index closing above 35,000 for the first time, and the S&P 500 and Nasdaq Composite also at new highs, as investors cheer corporate earnings reports and brush off worries about the delta variant of the coronavirus slowing the economic recovery.
It arrived as the lowest-grossing No. 1 in a quarter-century.
U.S. stocks saw a mixed start Thursday after data showed an unexpected rise in first-time applications for unemployment benefits last week. The Dow Jones Industrial Average was off 36 points, or 0.1%, at 34,761, while the S&P 500 was up less than 0.1% at 4,359.35. The Nasdaq Composite rose 0.2% to 14,665.17.
Weekly jobless claims totaled 419,000 for the week ended July 17, above the 350,000 estimate.
U.S. shooters Maddie Brenau and Brian Burrows took bronze in the first-ever Olympic mixed team trap event Saturday.
The rollout of vaccines this year has encouraged businesses to reopen or expand their hours.
U.S. stocks start the day mixed after unexpected rise in jobless claims
Orioles broadcaster Melanie Newman, MLB.com's Sarah Langs, and MLB Network's Alanna Rizzo, Heidi Watney and Lauren Gardner will make up the first all-female broadcast team for the Orioles-Rays MLB game as part of the “MLB Game of the Week on YouTube” Tuesday at 7:10 p.m.