Here are five important things investors need to know at the start of the trading day:

Stock prices closed higher on Thursday after investor confidence in the U.S. economy recovered. S&P500 rose 2.3% to close the session at 5,319.31, marking the best day for the broad market index since November 2022. The Dow Jones Industrial Average also rose sharply, rising by 1.76% to 39,446.49. Nasdaq-Composite The Japanese yen gained the most among all major indices, closing 2.87% higher at 16,660.02. A weaker Japanese yen against the US dollar also contributed to the uptrend in markets during the session. Follow live market updates.

Weekly jobless claims have declined. According to the Labor Department, initial jobless claims for the week totaled 233,000 on a seasonally adjusted basis. That’s down 17,000 from the previous week and below the Dow Jones estimate of 240,000. This is a bright spot after last Friday’s much weaker-than-expected July jobs report, which sparked concerns about the state of the labor market and pushed the unemployment rate up to 4.3%. On the other hand, continuing claims rose slightly to 1.875 million. That’s the highest level since November 27, 2021.

Thousands of JPMorgan Chase employees now have a generative artificial intelligence assistant. The program, known as LLM Suite, has been rolled out to more than 60,000 of the bank’s employees. People familiar with the plans told CNBC that AI software is expected to one day be as ubiquitous at JPMorgan as Zoom, the videoconferencing platform. “Ultimately, we want to be able to switch between models fairly fluidly depending on the use case,” Teresa Heitsenrether, JPMorgan’s chief data and analytics officer, said in an interview. “The plan is not to be beholden to a single model provider.”

Boeing officially has a new CEO. Aviation veteran Robert “Kelly” Ortberg took the helm Thursday and is trying to restore the company’s reputation. On his first day as CEO, Ortberg planned to walk through Boeing’s factory in Renton, Washington, where the plane maker builds its 737 Max. The new CEO also planned to review safety and quality plans and talk to employees. “I can’t tell you how proud and excited I am to be a member of the Boeing team,” he said in a note to employees Thursday. “While we clearly have a lot of work ahead of us to restore trust, I am confident that together we will return the company to the industry leader we all expect.”

It looks like three Disney Movies could gross $1 billion at the box office this year. Pixar’s latest film, “Inside Out 2,” has already crossed that threshold, reaching $1.5 billion at the worldwide box office, making it the highest-grossing animated film of all time. “Deadpool & Wolverine” could be next on the list. The first R-rated Marvel Cinematic Universe film has already broken records in its opening weekend and is expected to reach $1 billion before its run ends. But that’s not all. Disney will release “Moana 2” around Thanksgiving. While its predecessor, “Moana,” grossed just under $700 million at the worldwide box office in 2016, excitement for more “Moana” content is expected to boost ticket sales later in the year.

— CNBC’s Hakyung Kim, Jesse Pound, Jeff Cox, Hugh Son, Leslie Josephs and Sarah Whitten contributed to this report.

— Follow the broader market developments like a pro on CNBC Pro.