Stock Market Today: S&P 500, Nasdaq End at Record Highs Ahead of July 4th

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The main indexes were choppy in Wednesday’s abbreviated session. Although volume was thin ahead of tomorrow’s stock market holiday, there were plenty of headlines to sift through for those who stuck around.

Jobs data dominated the economic headlines. For one, the Labor Department said initial jobless claims rose by a more-than-expected 4,000 last week to 234,000.

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Elsewhere, Paramount Global (PARA) jumped 6.9% today on news Skydance Media has reportedly reached a preliminary agreement to buy National Amusements, which owns roughly 77% of PARA’s voting stock. The various parties have been embroiled in complicated buyout talks for some time now and this latest move paves the way for a potential Paramount-Skydance merger, according to The Wall Street Journal.

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