Wall Street closed mixed on Wednesday as a drop in government bond yields was offset by a series of mixed economic data.
The Department of Labor reported that the weekly jobless claims plunged by 71,000 to 199,000 for the week ended Nov 20, marking the lowest level since Nov 15, 1969.
Total number of people receiving benefits under all programs fell 752,390 to 2.43 million, as of Nov 6.
However, Orders for core capital goods , a closely watched proxy for business spending plans, rose 0.6% in October after rising 1.3% in September.
The Department of Commerce reported that new home sales rose 0.4% to a seasonally-adjusted annual rate of 745,000 in October.
Experts agree we’re still in the early stages of this technology, and as it grows, it will create several investing opportunities.