Dow ends day more than 100 points higher amid solid jobs data, a jump in Boeing shares; European markets close higher after U.S. jobs report; Airbus up 9% 
U.S. stocks climbed on Thursday as investors digested stronger-than-expected labor-market data. 
The Dow Jones Industrial Average jumped 150 points. The S&P 500 rose 0.3% and the Nasdaq Composite traded near the flatline. Shares of Boeing advanced 4% on optimism about an economic recovery. 
Initial jobless claims fell to 406,000, hitting a new pandemic low and much less than expected, the Labor Department reported Thursday. Economists surveyed by Dow Jones had expected a total of 425,000 Americans to have filed unemployment benefits in the week ended May 22. 
Snowflake shares fell 4% after the data-analytics software company reported widening losses. Nvidia’s stock dipped slightly even after the chip giant’s earnings and sales for the first quarter both beat Wall Street expectations. Its revenue grew 88% compared to last year. 
European stocks closed higher on Thursday, briefly touching record highs before paring gains after a key U.S. jobs report signaled a further recovery in the labor market.

 
The pan-European Stoxx 600 provisionally ended 0.2% higher, having hovered just above yesterday’s record high of 447.15 points earlier in the session. Basic resources jumped 3% to lead gains, while health care stocks slid 1%. 
Airbus shares climbed more than 9% to lead the Stoxx 600 after the planemaker announced ambitious production plans, targeting 64 A320 models per month by the second quarter of 2023. 
Despite achieving double-digit growth for its fiscal year and increasing its dividend, Tate & Lyle’s share price closed more than 6% lower. 
Source: CNBC