News Formal

S&P 500 exits bear market as stocks close higher

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 97%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

U.S. stocks rose Thursday following a rise in weekly jobless claims that reinforced expectations the Fed will hold rates steady next week, analysts said. The Dow Jones Industrial Average rose around 169 points, or 0.5%:

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%.

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:

 /  🏆 3. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

South Africa South Africa Latest News, South Africa South Africa Headlines

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

Asian Stock Market: S&P500 Futures, yields join central bank, growth chatters to tease bearsAsian Stock Market: S&P500 Futures, yields join central bank, growth chatters to tease bears – by anilpanchal7 Asia SP500 YieldCurve RiskAversion Equities
Source: FXStreetNews - 🏆 14. / 72 Read more »

Stock Market News: GameStop shares slump, S&P 500 near bull market, SCOTUS on student loansS&P 500 nears bull market, jobless claims jump, GameStop fires CEO and Ryan Cohen takes over, Carvana recovers and SCOTUS on student loans. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move.
Source: FoxBusiness - 🏆 458. / 53 Read more »

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.
Source: Reuters - 🏆 2. / 97 Read more »

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.
Source: Reuters - 🏆 2. / 97 Read more »