U.S. stocks rose yesterday as investors mostly shrugged off a spate of geopolitical concerns. Meanwhile, oil prices reversed steep declines earlier this week amid reports of a suspected attack on tankers in the Gulf of Oman.
The number of people who applied for jobless benefits in early June edged up to a five-week high, but not enough to signal any deterioration in a robust labor market that’s fueling the longest economic expansion in U.S. history. Initial jobless claimed rose by 3,000 to 222,000, which is close to a 46-year low.
A pair of lawsuits filed in Washington and California allege Amazon’s Alexa keeps voiceprints of children without their parents’ consent. These suits which allege that the devices are breaking the law in at least eight states by recording children who use the smart speakers without consent. Shares of Amazon traded lower on the news.
And the punches keep coming for Facebook. Amid ongoing controversy over its use of its user’s private information, Facebook has been kicked out of an index tracking companies that abide behind socially responsible practices. S&P Dow Jones Indices announced Thursday that the social network no longer will be part of the S&P 500 ESG Index. Shares of Facebook are lower on that news.
With Northwest Quadrant Wealth Management, I'm Tyler Simones.