U.S. Stock Market

June S&P 500 E-minis this morning are up +5.00 points (+0.18%). Thursday's closes: S&P 500 -0.09%, Dow Jones -0.22%, Nasdaq -0.41%. The S&P 500 on Thursday closed lower on the increase in the 10-year T-note yield to a new 6-3/4 year high of 3.12% and on the +11,000 increase in U.S. weekly jobless claims, more than expectations of +4,000. Stocks were supported by the unexpected +11.2 point increase in the U.S. May Philadelphia Fed business outlook survey to a 1-year high of 34.4, stronger than expectations of -2.2 to 21.0. There was also strength in energy stocks as crude oil prices rose 0.14% to a new 3-1/2 year high.