Dow ends up over 600 points as stocks bounce back from previous day’s selloff

0
55

Major U.S. stock indexes ended higher Thursday, snapping two straight days of losses as investors bought the dip that had been sparked by worries over the omicron variant of the coronavirus and concern the Federal Reserve may become more hawkish than anticipated to combat high inflation. The Dow Jones Industrial Average DJIA, +1.82% saw a sharp rebound of about 1.8% to close at around 34,640, the S&P 500 SPX, +1.42% climbed about 1.4% to finish at around 4,577 and the Nasdaq Composite Index COMP, +0.83% rose 0.8% to end at around 15,381 according to preliminary data from FactSet. President Joe Biden announced on Thursday his administration’s plan for battling COVID-19 this winter, including an expansion for at-home testing in the U.S. All eleven sectors of the S&P 500 index finished higher Thursday, led by industrials, energy and financials, preliminary FactSet data show.

This article was originally published by Marketwatch.com. Read the original article here.

Previous articleOllie’s Bargain stock drops 13% after retailer hit harder by supply-chain snags
Next articleMark Hulbert: Stocks are soaring again but here’s why you should look out below

LEAVE A REPLY

Please enter your comment!
Please enter your name here