Several strong profit reports helped Wall Street claw back most of its sharp loss from the prior day.
The S&P 500 rose 1% Thursday and is back within 1% of its all-time high a day after its worst drop in nearly three months. The Dow Jones Industrial Average gained 0.9%, and the Nasdaq composite climbed 1.3%.
Micron Technology leaped to one of the market’s biggest gains after reporting stronger results than expected. Treasury yields were mixed following a suite of economic reports, including one showing the U.S. economy grew by less during the summer than earlier estimated.
On Thursday:
The S&P 500 rose 48.40 points, or 1%, to 4,746.75
The Dow Jones Industrial Average rose 322.35 points, or 0.9%, to 37,404.35.
The Nasdaq composite rose 185.92 points, or 1.3%, to 14,963.87.
The Russell 2000 index of smaller companies rose 34.23 points, or 1.7%, to 2,017.06.
For the week:
The S&P 500 is up 27.56 points, or 0.6%.
The Dow is up 99.19 points, or 0.3%.
The Nasdaq is up 149.95 points, or 1%.
The Russell 2000 is up 31.94 points, or 1.6%.
For the year:
The S&P 500 is up 907.25 points, or 23.6%.
The Dow is up 4,257.10 points, or 12.8%.
The Nasdaq is up 4,497.38 points, or 43%.
The Russell 2000 is up 255.82 points, or 14.5%.
Before you make your next trade, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis.
Our team has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and none of the big name stocks were on the list.
They believe these five stocks are the five best companies for investors to buy now...
See The Five Stocks Here
Click the link below and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
