NEW YORK, N.Y. – U.S. stocks are rising at the close of trading after investors latched onto some small signs that the economy might not be headed into another recession.
Fewer Americans joined the unemployment line last week, and a technology bellwether said revenue could grow faster this quarter than analysts expected. The news is pushing down prices on long-term Treasurys down, and gold is down from its record high.
Get weekly money news
The Dow Jones industrial average is up 423 points Thursday, or 3.9 per cent, to 11,143. It’s the first time the Dow has ever had four straight 400-point days.
The S&P 500 is up 51, or 4.6 per cent, to 1,173. The Nasdaq is up 111, or 4.7 per cent, to 2,493. All three major U.S. stock indexes are down at least 1.6 per cent for the week.
Comments
Want to discuss? Please read our Commenting Policy first.