Nasdaq jumps 2.6% as stocks bounce in 2022’s next-to-last trading session

0
14

The Nasdaq Composite COMP, +2.59% 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 DJIA, +1.05% ended with a gain of around 345 points, or 1%, near 33,221, according to preliminary figures, while the S&P 500 SPX, +1.75% advanced 1.7% to close near 3,849.

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

Previous articleWhat’s Worth Streaming: Yikes, there’s not much worth streaming in January 2023. Here’s what to watch anyway.
Next articleTrump subpoena withdrawn by Jan. 6 select committee

LEAVE A REPLY

Please enter your comment!
Please enter your name here