U.S. stocks were higher in the final hour of trading on Thursday with the Dow Jones Industrial Average DJIA, +0.98% on track for its best day since August 7, as investors digested the latest data on retail sales and producer prices, while cheering Arm Holdings’ ARM, +18.43% initial public offering which boosted the broader market confidence.
The Dow industrials were rising 368 points, or 1.1%, to 34,942, while the S&P 500 SPX, +0.83% was gaining 0.9% and the Nasdaq Composite COMP, +0.83% was up nearly 1%, according to FactSet data. Arm Holdings, the British chip-design company controlled by SoftBank, was jumping over 15% in the final hour of trading Thursday after selling shares at $51 a piece in its initial public offering.
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock Market Today: Dow Rallies 350 Points; Arm IPO in FocusLive coverage of what's moving stocks and markets, including the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite
Read more »
Stock Market Today: Dow closes just below flatline as Apple falls in tech stumble By Investing.comStock Market Today: Dow closes just below flatline as Apple falls in tech stumble
Read more »
Stock Market Today: Dow futures dip, yields rise after CPI readingFollow all the action in U.S. markets as the consumer price index report.
Read more »
Stock market today: Dow falls a second day while tech stocks shake off inflation By Investing.comStock market today: Dow falls a second day while tech stocks shake off inflation
Read more »
Stock Market Today: Dow Futures Up After ECB Rate Hike; Arm EyedLive coverage of what's moving stocks and markets, including the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite
Read more »