U.S. stocks rose Thursday, with the S&P 500 closing above the threshold that marks an exit from a bear market. Stocks were buoyed following a rise in weekly jobless claims that reinforced expectations the Fed will hold rates steady next week, analysts said. The S&P 500 SPX, +0.62% rose around 26 points, or 0.
6%, to close just shy of 4,294, according to preliminary figures. A close above 4,292.44 meets the criteria for exiting a bear market, marking a 20% rise from the benchmark’s October closing low. The Dow Jones Industrial Average DJIA, +0.50% rose around 169 points, or 0.5%, while the Nasdaq Composite COMP, +1.02% jumped 1%.
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US stocks end up as Fed, CPI loom large next weekU.S. stocks closed up on Tuesday, helped by some advances in economically sensitive sectors, as investors awaited inflation data and the Federal Reserve's policy meet next week.
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Asia stocks gain on hopes for China stimulus, Fed pauseMost Asia-Pacific stocks markets strengthened on Wednesday, as expectations for stimulus from China and overnight gains on Wall Street boosted the mood.
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