U.S. stocks open higher after five straight day of losses for S&P 500

U.S. stock indexes opened modestly higher on Thursday after the S&P 500 booked its five consecutive declines as fears of a recession gripped Wall Street. The Dow Jones Industrial Average DJIA, +0.82% rose 100 points, or 0.3%, at 33,701. The S&P 500 SPX, +0.92% gained 0.2%, while the Nasdaq Composite COMP, +1.29% advanced 0.3%.

The number of Americans who applied for unemployment benefits in early December rose slightly to 230,000, which was exactly in line with the Dow Jones estimate. The weekly number pointed to a slow but steady increase in layoffs as the U.S. economy weakens. The yield on the 10-year Treasury rose 6.1 basis points to 3.486% from 3.407% on Wednesday.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock Market News Today: Dow Drops 400 Points, Nasdaq and S&P 500 DownThe Dow fell more than 500 points, extending this week's declines on worries about the outlook for interest rates DJ only 8% down on 2022 .. stills not pricing any kind of recession. There is waaay more to go, on the downside, unless a ton of inflation is priced in — and it does not appear to be a valid assumption. Good.
Source: WSJ - 🏆 98. / 63 Read more »

U.S. stocks end mostly lower, with S&P 500 suffering longest losing streak since OctoberU.S. stocks closed mostly lower Wednesday, with the S&P 500 falling a fifth straight day as investors continued fearing a recession could be triggered by the... The recession is caused by bad govt policy leading to inflation requiring the Fed to intervene. Let’s all be clear about that moving forward
Source: MarketWatch - 🏆 3. / 97 Read more »