The market climbed Thursday, and indexes rose after initial jobless claims came out in line with expectations.

Just past 10:29 am ET the    $S&P 500 Index (.SPX.US)$ traded +0.36%, the       $Dow Jones Industrial Average (.DJI.US)$ fell 0.08%, and the    $Nasdaq Composite Index (.IXIC.US)$ climbed 1.08%.

Thursday, initial jobless claims figures from the Department of Labor Statistics came in at 227K, below last weeks 230k.

Wednesday, the JOLTS job openings came in lower than expected at 7.6M vs 8M. It is the lowest hiring data for open positions since 2021.

Tuesday, the S&P PMI and ISM PMI index numbers came out lower than estimated, with ISM at 47.2 vs 47.5 and S&P at 47.9 vs 48, compared to last month's 46.8 and 49.6, respectively.

Investors await  nonfarm payrolls and the Bureau of Labor Statistics Unemployment rate on Friday. The market is watching for labor softness that could hurt stock prices but help the chances of an FOMC rate cut during the committee's upcoming September 17-18 meeting.

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Yesterday, users were screaming and yelling about the election: things are heating up. When not arguing about which candidate is worse, users watched Oil demand and tech companies like fan favorite $NVIDIA (NVDA.US)$.

Traders, what do you think, is the market in 2024 about following the herd? What you watching on the stock market today? What is the herd following? Let me know in the comments below!

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