Nasdaq jumps 2.3%, Dow up 550 points on fresh economic data

Nasdaq Composite News

Nasdaq jumps 2.3%, Dow up 550 points on fresh economic data
Julie HymanPositive DataJared Blikre
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Stocks closed out Thursday's session higher (^DJI, ^IXIC, ^GSPC). The Nasdaq Composite rose by over 2.3% while the Dow Jones Industrial Average saw gains of ...

July's US retail sales and lower initial jobless claimsOver time, we're joined by Jared Bli to get up to speed on the action.We've got the Dow higher by 555 points.Now all of this or a lot of it having to do with the economic data this morning, jobless claims coming in lower than estimated, therefore better than estimated.

So really seeing it across the spectrum and this rally that we've had since basically the fifth has just exploded to the upside.We see that Socks.Well, today we got crypto that was down about 3%.So other than that, it was just a broad based rally that we've seen once again.

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