U.S. stocks close sharply higher in year-end rally
U.S. stock indexes finished sharply higher on Thursday, the second-to-last...
U.S. stock indexes finished sharply higher on Thursday, the second-to-last trading session of the year, with the Nasdaq Composite jumping 2.6%, erasing losses from earlier in the week.
The three main indexes built on premarket gains after U.S. weekly jobless claims data showed the number of workers receiving benefits has climbed to the highest level since February, a tentative sign that the Federal Reserve’s interest-rate hikes might be slowing economic growth and inflation.
The S&P 500 SPX rose 66.06 points, or 1.8%, to end at 3,849.28.
Dow Jones Industrial AverageDJIA added 345.09 points, or 1.1%, finishing at 33,220.80.
Nasdaq CompositeCOMP climbed 264.80 points, or 2.6%, to finish at 10,478.09.
Tesla stock climbed Wednesday as dip-buyers poured into the EV maker. Elon Musk's...
Tesla stock climbed Wednesday as dip-buyers poured into the EV maker. Elon Musk's company avoided its eighth consecutive session of declines, which would have been its longest slump ever. Get the full details here.
Even so, it has been a horrible year for Elon Musk, as his wealth this year has shrunk by $140 billion, bringing his net worth to roughly $130 billion, according to the Bloomberg Billionaires Index.
Dow up nearly 300 points as jobless claims data deemed ‘welcome news for the Fed’
U.S. stocks bounced back in early trading on Thursday, after the Nasdaq nearly hit a 30-month low a day...
U.S. stocks bounced back in early trading on Thursday, after the Nasdaq nearly hit a 30-month low a day earlier, as the market looked set to erase some of its recent losses on the second-to-last trading day of the year.
The main indexes built on premarket gains after U.S. weekly jobless claims data showed the number of workers receiving benefits has climbed to the highest level since February, a sign that the Federal Reserve’s interest-rate hikes might be slowing economic growth and inflation.
The S&P 500SPX, 1.35% rose 51 points, or 1.3%, to 3,834.
Dow Jones Industrial AverageDJIA, 0.87% added 269 points, or 0.8%, to 33,145.
Nasdaq CompositeCOMP, 1.88% climbed 190 points, or 1.9%, to 10,403.
Russia launches another massive missile attack on Ukraine
KYIV, Ukraine (AP) — Multiple regions of Ukraine, including its capital, faced a massive Russian missile...
KYIV, Ukraine (AP) — Multiple regions of Ukraine, including its capital, faced a massive Russian missile attack Thursday, the biggest wave of strikes in weeks targeting power stations and other critical infrastructure during freezing weather.
Air raid sirens rang out across the country. Ukraine’s military chief, Gen. Valerii Zaluzhnyi, said preliminary reports showed Russia fired 69 missiles at energy facilities and Ukrainian forces shot down 54 of them. Several people were wounded, although there were no immediate reports of any deaths.
The widespread attack was the latest in a series of Russian strikes on power and water supplies that have increased the Ukrainian population’s suffering. Moscow has launched such attacks almost weekly since October while its ground forces struggle to hold ground and advance.
