All 3 major U.S. indices rallied today, recovering most of the losses from earlier in the week, as global bond yields rebounded and investors digested reassuring trade data from China. The Dow climbed 1.44% as the S&P surged 1.89%.
Thursday's gains helped the indexes recover most of the sharp losses from Monday's session. The Dow and S&P 500 fell nearly 3% each on Monday while the Nasdaq dropped 3.5%. The indexes hit the week's lows on Wednesday before staging a strong comeback.
Tech shares led the gains Thursday, with the sector surging 2.9%. AMD was the best-performing stock in the sector, jumping 16.2% as investors cheered the release of aDisney shares also contributed to the gains, rising 2.3% after an analyst Credit Suisse upgraded the media giant to outperform from neutral. The analyst expects the company will have aThe benchmark 10-year Treasury note yield traded at 1.72% after dropping below 1.6% in the previous session.
Tumbling yields can signal global growth concerns from investors and fuel sharp pullbacks in equity markets. An escalation in trade tensions between China and the United States has accentuated these fears in recent days. Wall Street saw a wild ride Wednesday when theTraders work on the floor at the New York Stock Exchange.A slew of rate cuts from central banks around the world fueled the worries over global growth.
The data helped Asian stocks rise overnight. The Shanghai Composite gained 0.9% while the Nikkei 225 climbed 0.4%.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Over 500 Tiny ‘Teeth’ Removed From Boy’s MouthSurgeons uncovered a “bag-like” growth inside this boy’s lower right jaw. Within that growth, they found something surprising -- hundreds of tooth-like structures 1 to 15 millimeters in size.
Read more »
Dow trades 500 points lower as trade war worries continueU.S. stocks traded lower Wednesday as traders continued to worry about the continuing effects of the trade battle with China.
Read more »
S&P 500 bounces back from early lows; Nasdaq higherThe S&P 500 recovered from steep early losses to trade modestly higher by late a...
Read more »
S&P 500 and Nasdaq erase losses after bond market scareThe S&P 500 and the Nasdaq Composite clawed back their earlier losses and closed higher, up 0.1% and 0.4%, respectively. The Dow closed down 0.1%, or 22 points. At its worst, the index was down 589 points.
Read more »
500 arrests made during clampdown in Indian-ruled KashmirNEW DELHI (AP) — An opposition activist has filed a petition in India's top court challenging the communications blackout and security clampdown in the Indian-controlled portion of Kashmir, where...
Read more »
Global Stocks Rally After Wild Swings on Wall StreetStocks around the world rose as stronger-than-expected Chinese trade data and upbeat indicators in Europe eased concerns about a sharp deterioration in the global economic outlook.
Read more »