"Stocks are still well-supported by a combination of Fed liquidity, attractive equity risk premiums, and an ongoing recovery," according to UBS.
"Progress is clearly being made but there are still 11.5 million people who are out of a job," said BofA economist Michelle Meyer.
The report gives the latest snapshot of the labor-market recovery during the coronavirus-related recession.
"Unfortunately, the easier jobs gains are over, and now we'll be battling permanent layoffs once thought to be temporary," said economist Robert Frick.
"This election is not going to be business as usual," wrote CEO Mark Zuckerberg in the Thursday post.
Losses by major technology companies such as Facebook and Apple led the stock market lower Thursday.
Tesla stock has shed more than 10% this week through the close of trading Wednesday, putting it in correction territory.
Still, the technology giant is up roughly 70% year to date, outperforming the broader market amid the coronavirus pandemic.
The aggregate measure of people receiving unemployment benefits also came in lower than economist forecasts.
"We shouldn't confuse some improvement with a economy that is roaring back," Nick Bunker, an economist at Indeed, told Business Insider.
The stock market's latest surge was led by sectors that have underperformed in 2020, including utilities and financials.
Democrats and Republicans remain at odds over details of another round of stimulus to aid the economy during the coronavirus-pandemic recession.
Baillie Gifford would "welcome the opportunity" to increase its holding in Tesla if the stock were to fall, the firm told Business Insider.
"The higher the upward spiral of TSLA's stock goes, the cheaper capital becomes to fund growth, which is then rewarded by investors," BofA said.
"Peloton's biggest near-term challenge in our view is keeping up with elevated demand," said JPMorgan analyst Doug Anmuth
"The August job postings demonstrate a slow recovery," said Ahu Yildirmaz, vice president and co-head of the ADP Research Institute.
"AAPL stock continues on an unprecedented strong run of outperformance vs. the broader market," Bank of America's Wamsi Mohan wrote in a Tuesday note.
The forecast does not include the impact of the coronavirus pandemic and subsequent recession, the BLS said Tuesday.
"We still view Tesla as fundamentally overvalued and having to grow into its valuation," wrote RBC analyst Joseph Spak in a Monday note.
The company, which has become a preferred means of communicating during the coronavirus pandemic, also boosted its full-year guidance.