Reported 2 months ago
US stocks surged on Thursday following a notable decrease in weekly initial jobless claims, easing concerns about the labor market. The S&P 500 climbed 2.3%, with the tech-heavy Nasdaq jumping nearly 2.9%, marking the largest one-day gain for the S&P since November 2022. Analysts noted that the decline in jobless claims indicates stronger labor market health, even as volatility continues amid recession fears.
Source: YAHOO