Reported 2 months ago
US stock markets saw significant gains on Thursday, with the S&P 500 rising nearly 2.4% and the Nasdaq climbing over 3%, following a report of falling initial jobless claims that eased worries about the US labor market and broader economy. The Dow Jones Industrial Average also posted a rise of about 1.8%. The decline in jobless claims to 233,000, down from 250,000, encouraged investor confidence and contributed to a positive momentum in the tech sector, notably benefiting stocks like Nvidia and Eli Lilly.
Source: YAHOO