U.S. stocks staged a late-day comeback on Thursday, boosted by economic comeback plays as the market rebounded from a two-day losing streak.
Stocks that are tied to a successful economic reopening such as airlines and cruise line operators led the intraday rebound. American Airlines and United gained more than 4% each, while Norwegian Cruise Line and Carnival both rose over 2%. Boeing climbed 3.3%.
Some investors have been taking profits in their growth winners which led the market's rebound from the pandemic losses last year. Netflix has fallen 6.7% this month, while Tesla is down more than 5%. Pandemic winner Zoom Video has dropped nearly 16% in March. Investors pored over a better-than-expected reading on weekly jobless claims. The Labor Department said first-time claims for unemployment insurance, lower than an estimate of 735,000 from economists surveyed by Dow Jones.
BobPisani Why was Trump banned?
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Dow falls over 300 points early Tuesday as tech stocks get slammed amid renewed inflation fearsU.S. stock benchmarks opened solidly lower Tuesday, with inflation worries seen keeping pressure on previously highflying tech stocks. The Dow Jones... In light of the speculative euphoria investors have enjoyed since the start of the year, a selloff isn't a surprising event. lawsuits are a joke shorts are over-leveraged if we move the spread they blow up who wants poultry let's devour these vultures $SQBG target 🎯500
Source: MarketWatch - 🏆 3. / 97 Read more »
Three Dow stocks could lead the next leg of the rally, traders sayAs the Dow hits record highs, Ari Wald of Oppenheimer and Quint Tatro of Joule Financial share their favorites of the blue-chip index. TradingNation Hedge Funds are selling in preparation to StockMarket crash!
Source: CNBC - 🏆 12. / 72 Read more »
Dow ends more than 180 points lower, but stocks book monthly gainsStocks ended lower Friday as investors shrugged off largely strong earnings reports and economic data, dragging the Dow Jones Industrial Average and the...
Source: MarketWatch - 🏆 3. / 97 Read more »
Dow Jumps 300 Points As Stocks Kick Off Worst Six Months Of The YearHistorically, stocks climb an average of just 1.7% in the six months beginning in May. They soared 30% over the past six months. We've only had four months of the year! KeepSmiling 😊🌺
Source: Forbes - 🏆 394. / 53 Read more »
What to watch today: Stocks set to take a breather after Dow, S&P 500 closing recordsU.S. stock futures fell today, one day after the Dow and S&P 500 surged to closing records. Very big changes to how the world functions has filtered into the higher education sector with the University of NSW partnering with OpenLearning (ASX: $OLL) to create a new online pathway program thats changing the future of EDU!! Economic recovery will be built on educated upskilled workforce We know from experience, economic downturns lead to upturns in demand for education. An undisclosed amount of government funding will be invested in Micro-credentials. ASX-OLL New annual report released Canaccord Genuity Report on $OLL - $0.50 Fair Value, $0.74 Bullish Target. A very good time to buy in the current stock price. Do Your own research before making any financial decisions
Source: CNBC - 🏆 12. / 72 Read more »