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Jim Cramer: There's a Lot of Good Leadership Today

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Stocks were higher in intraday trading on Thursday as technology stocks again pushed Wall Street higher and even as U.S. jobless claims rose unexpectedly.

First-time jobless claims in the U.S. held below 1 million for a second straight week but came in higher than economists' forecasts.

The Labor Department reported Thursday that 884,000 Americans filed for first-time jobless benefits for the week ended Sept. 5, but they remained unchanged from the previous week. Economists had forecast claims to fall to 835,000.

Millions of Americans still remain out of work even as companies have re-hired furloughed workers and the number of people filing for benefits has dropped from a near 7 million peak in March.

Further stimulus from Congress also remains in question as Democrats and Republicans are at an impasse over a fifth coronavirus aid bill.

Republicans, earlier this week, proposed a new, smaller relief package but a Senate vote this week is unlikely to pass as Democrats push for more sweeping aid.

So, with all of this, what's Cramer watching?

"I do believe that we have new leadership today," said Cramer. "Today it's a cruise ship-led market."

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