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Stock market today: S&P 500, Nasdaq surge as wild week on Wall Street continues

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Jobless Claims Nyheter

Labor Market,Nasdaq

Stocks rallied on Thursday as a fresh reading on weekly unemployment claims helped calm recession fears.

US stocks took a leap higher Thursday after weekly initial jobless claims fell more than forecast in a reassuring update on the health of the US labor market. The S&P 500 rose more than 2.1%, while the tech-heavy Nasdaq rallied 2.6%. The Dow Jones Industrial Average was up almost 1.7%, or almost 650 points.

3, down from 250,000 last week and fewer than what economists had forecast. The number added a fresh jolt into Thursday's trading. Wall Street saw a comeback attempt falter on Wednesday, as stocks faded into the close and ended up with sizable declines. The moves — from big gains to significant losses — continued a turbulent stretch that has pervaded markets for much of the past week.

 

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