Arab Today, arab today stocks rebound from fedsparked losses
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Arab Today, arab today

Stocks rebound from Fed-sparked losses

Arab Today, arab today

Arab Today, arab today Stocks rebound from Fed-sparked losses

New York - AFP

US stocks rebounded on Thursday from the previous Federal Reserve-sparked losses, as markets turned to favorable US economic data for inspiration. The Dow Jones Industrial Average finished up 108.88 points (0.67 percent) at 16,331.05. The broad-based S&P 500 advanced 11.24 (0.60 percent) to 1,872.01, while the tech-rich Nasdaq Composite Index rose 11.68 (0.27 percent) to 4,319.29. Traders put behind them Wednesday's mixed signals on the timing of interest rate hikes from Fed Chair Janet Yellen, as jobless claims data came in at a promising level and the Conference Board's Index of Leading Indicators and the Philadelphia Fed's manufacturing index both solidly beat Wall Street estimates.

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