Stock market news today: US stocks rise on positive economic data

Stocks ended mostly higher on Thursday on upbeat economic news and positive results of the latest bank stress tests from the Federal Reserve.

The Dow Jones Industrial Average gained more than 200 points, while whe S&P 500 and Nasdaq Composite traded nearly flat. Traders were encouraged by a revision to second quarter US GDP, which came in at 2%, up from original estimates of 1.4%. The latest figures have bolstered investors' confidence in the economy, which has held up despite the Fed's aggressive monetary policy over the past year.

Meanwhile, big lenders on Wall Street passed their annual stress tests from the Federal Reserve, leading to a rally in bank stocks. Shares of Bank of America and JPMorgan rose about 3% through the course of the day. Wells Fargo shares ended the day nearly 5% higher.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Stock market: Gen Z turns to TikTok for investing advice despite risks - USA TODAYGen Z's debt has ballooned. markjsovel and USATODAYmoney reporter Medora Lee discuss how worrisome that is:
La source: USATODAY - 🏆 100. / 63 Lire la suite »

Stock market today: Global shares mixed despite Wall Street rallyGlobal shares were mixed on Wednesday despite a rally on Wall Street driven by optimism over reports suggesting the American economy is in better shape than feared.
La source: wjxt4 - 🏆 246. / 63 Lire la suite »