Shares of industrial and transportation companies rose in anticipation of a robust jobs report Friday.
Weekly jobless claims fell more than economists had anticipated -- to their lowest level since the onset of the pandemic. The number of U.S. layoffs fell to the lowest level since 2000 in April, according to placement firm Challenger Gray & Christmas.
Volkswagen boosted its full-year outlook for operating margin after posting a sharp increase in revenue and earnings for the first quarter, with net profit coming in at roughly $4.09 billion. Shares of the German auto maker, already trading near records, ticked down.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
05-06-21 1708ET
