Market Rebounds on Positive Jobless Data, Boosting Major Indexes U.S. stocks surged on Thursday as a drop in weekly jobless claims alleviated concerns about the U.S. economy. The S&P 500 rose 1.8%, the Nasdaq jumped over 2%, and the Dow Jones increased by 1.8%. The jobless claims fell to 233,000, down from 250,000, surpassing economists’ expectations. This positive labor market update followed a period of market volatility driven by weak non-farm payroll data. Despite recent market turbulence, investor sentiment was buoyed, with notable movements including Nvidia’s fluctuating stock and Eli Lilly’s 8% rise due to strong earnings. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Powell: Fed May Cut Rates Before Inflation Hits 2% Target READ MORE Poles Embrace Gold as Hedge Against Eastern European Instability READ MORE Why You Should Pay Off Your Credit Card ASAP READ MORE Major Breakout & New Bull Market Confirmed READ MORE U.S. Dollar Stabilizes After Better-Than-Expected GDP Report READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment