The Dow Jones Industrial Average rose on Thursday as a result of limited producer price gains and an unexpected decline in initial jobless claims.

Core inflation increased by 2.4%, less than the 2.8% predicted, while overall and core producer prices increased by 0.1% annually.

Initial jobless claims decreased from 248,000 the previous week to 237,000.

Ark Invest ETFs sold Tesla shares for $5,7 million, causing the share price to decline.

Profits were reported by Delta Air Lines, Fastenal, and PepsiCo, with Delta shares increasing by over 3 percent and FAST shares falling by 2.5%.

On Friday, JPMorgan Chase, Citigroup, and Wells Fargo reported earnings, signaling the beginning of the season.