Stocks rallied Thursday, clawing back the previous session’s losses, as falling jobless claims added to confidence in the U.S. economic recovery. The Dow gained 1.01%. The S&P 500 rose 1.44%. The Nasdaq surged 1.93%.
Stocks rallied Thursday, clawing back the previous session's losses, as falling jobless claims added to confidence in the U.S. economic recovery.
The Dow Jones Industrial Average rebounded by about 350 points, or 1%. The S&P 500 added 1.4%. The Nasdaq Composite rose 1.9%. "There has been so much volatility over the past week or so," Victoria Fernandez, chief market strategist at Crossmark Global Investments, said. "We're seeing a combination of some good economic news, some people going in and picking up names. That's why we see a little bit of a bounce here."A drop in jobless claims to the lowest in decades gave some investors confidence the U.S.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stocks gain ground on Wall Street; oil prices ease lowerTechnology companies led a rally for stocks Tuesday on Wall Street, as the market more than made up for a modest pullback to start the week.
Read more »
Wall St advances, led by Nasdaq, gains in chipmakersU.S. stocks rose on Thursday, extending the market's recent rebound, as chipmakers and big growth names advanced.
Read more »
European stocks head for positive open as global markets seek to rebound from lossesEuropean stocks are expected to open higher on Wednesday as global markets look to rebound from recent losses due to inflation concerns and the war in Ukraine.
Read more »
Bane leads Grizzlies past Nets as Irving scores 43 pointsIrving scored 43 points and Kevin Durant had 35 points and 11 rebounds.
Read more »
Pension board lowers San Diego's annual payment $31M in response to stock market gains last yearShift gives Mayor Gloria more money to spend in proposed budget he will unveil April 15.
Read more »
It's the 2nd anniversary of the stock market's COVID bottom --- Here's how the rally stacks upStocks stumbled in early 2022, but the S&P 500 has more than doubled since the March 23, 2020, pandemic bottom --- it's best 2-year rolling performance since...
Read more »