Strong results from Salesforce lifted the Dow Jones Industrial Average.
2 Hours Agoflirting with its 200-day moving averageThe 200-day was at about 3,940 Thursday, and the index fell below that level but recovered Wednesday. TheThe 200-day is literally the average of the last 200 closing prices, and it is viewed as a momentum indicator for a stock or index. Stock chart analysts would view it as a negative signal if the index were to close below that level and stay below it.The S&P 500 and Nasdaq Composite opened lower on Thursday, falling 0.5% and 0.
Unit labor costs jumped 3.2% for the October to December period, the Labor Department reported Thursday. That was well above the Dow Jones estimate for a 1.6% increase.
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