US Equity Markets Rise on Tech Strength

MT Newswires Live
Oct 03

US equity indexes rose Thursday, driven by gains in technology stocks, while other sectors fell as the partial federal government entered its second day.

* US employers planned 54,064 job cuts in September, a decline from 85,979 in August and lower a year earlier, according to Challenger, Gray & Christmas.

* The Labor Department did not release its weekly jobless claims report at the scheduled time Thursday due to the shutdown.

* November West Texas Intermediate crude oil fell $1.16 to settle at $60.62 per barrel, while December Brent crude, the global benchmark, was last seen down $1.08 to $64.27.

* Fair Isaac (FICO) shares rose 18%, the biggest gain on the S&P 500, after the company launched a direct license program enabling third-party firms to calculate and distribute FICO Scores.

* Berkshire Hathaway (BRK.A, BRK.B) agreed to buy Occidental Petroleum's (OXY) chemical unit, OxyChem, for $9.7 billion in cash. Occidental shares fell 7.3%, the second-biggest decline on the S&P.

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