Thursday's Markets Update (April 6, 2023)

09 Apr 2023 by rate3

On Thursday, the number of unemployment benefits decreased to 228K for the week ending April 1st, which was better than the expected figure of 200K, indicating improved conditions with job layoffs. However, institutional players continued to dominate trading activities, primarily driven by technical indicators. This resulted in a controversial outcome, with the NASDAQ rising by 1.2 percent (opening at 11,939 and closing at 12,087), and BTC increasing by 0.7 (opening at 27,903 and closing at 28,107).