StmarysCity79
Well-Known Member
Wall Street rallies to its best day since 2022 on encouraging unemployment data; S&P 500 jumps 2.3%
U.S. stocks rallied Thursday in Wall Street’s latest sharp swerve after a better-than-expected report on unemployment eased worries about the slowing economy.
The S&P 500 jumped 2.3% for its best day since 2022 and shaved off all but 0.5% of its loss from what was a brutal start to the week. The Dow Jones Industrial Average rose 683 points, or 1.8%, and the Nasdaq composite climbed 2.9% as Nvidia and other Big Tech stocks helped lead the way.
Treasury yields also climbed in the bond market in a signal investors are feeling less worried about the economy after a report showed fewer U.S. workers applied for unemployment benefits last week. The number was better than economists expected.
Wall Street rallies to its best day since 2022 on encouraging unemployment data; S&P 500 jumps 2.3%
U.S. stocks rallied to their best day since 2022 in Wall Street’s latest sharp swerve. The S&P 500 jumped 2.3% Thursday after a better-than-expected report on unemployment calmed worries about the slowing economy.