Reported 2 months ago
U.S. stocks surged on Thursday after initial jobless claims fell more than expected, easing recession fears. The S&P 500 increased by 2.3%, the Nasdaq rose nearly 2.9%, and the Dow gained approximately 1.8%. This marked the largest one-day gain for the S&P 500 since November 2022. The positive jobless claims report bolstered investor confidence amid a volatile trading week, while notable performances from tech stocks like Nvidia further contributed to the market rebound.
Source: YAHOO