Stocks, sectors consolidate Thursday gains ahead of the closing bell
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Stocks, sectors consolidate Thursday gains ahead of the closing bell
Stocks, sectors consolidate Thursday gains ahead of the closing bell
Yahoo Finance's Jared Blikre looks at how markets settled on Thursday afternoon.
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Stocks, sectors consolidate Thursday gains ahead of the closing bell
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Stocks, sectors consolidate Thursday gains ahead of the closing bell
Yahoo Finance's Jared Blikre looks at how markets settled on Thursday afternoon.
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MarketWatchNasdaq jumps 2.6% as stocks bounce in 2022's next-to-last trading session
The Nasdaq Composite led a sharp bounce higher by major stock indexes Thursday, ending 2.6% higher after ending the previous session at a 2022 low. Stocks were buoyed as analysts said a rise in weekly jobless claims offered some tentative evidence the Federal Reserve's efforts to slow the economy were working. The Dow Jones Industrial Average ended with a gain of around 345 points, or 1%, near 33,221, according to preliminary figures, while the S&P 500 advanced 1.7% to close near 3,849.
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Thursday forecast: Cloudy and a little damp
Cloudy and a little damp with patchy drizzle becoming more of a light rain to light snow later Thursday afternoon and into the evening. Watch for evolving slippery spots for the afternoon commute as up to an inch of snow is possible by 9 p.m. Bright and seasonable 20s on Friday.
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The Dow Jones rallied Thursday after first-time jobless claims. Tesla stock raced higher on a reiterated overweight rating.
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Marty Bass has your Thursday afternoon forecast
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The recent volatility that has plagued the major stock market indexes continued this week. After several days of declines, Wall Street was finally able to mount a rally Thursday as investors digested the latest unemployment report, which brought some (potentially) good news. The Federal Reserve Bank's campaign of rising interest rates may finally be cooling the overheated economy -- at least if the job numbers are any indication.
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