Reported about 21 hours ago
Equities soared on Thursday, with the S&P 500 and Nasdaq reaching record closing highs, supported by encouraging economic data and strong earnings reports. Jobless claims fell, and retail sales exceeded expectations, indicating robust consumer spending. Notable earnings from companies like Taiwan Semiconductor Manufacturing contributed to market optimism, while the dollar appreciated against other currencies. Overall, the favorable data has alleviated concerns regarding the U.S. economy's stability.
Source: YAHOO