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 Zimbabwe Faces Deflation with New ZiG Currency READ MORE January Sees U.S. Wholesale Prices Increase, Highlighting Ongoing Inflation Challenges READ MORE America's $35 Trillion Debt: A Ticking Time Bomb for Future Generations READ MORE Everything's Overvalued: Marc Faber Sees Precious Metals as Safe Haven READ MORE The Great American Housing Squeeze: Construction Costs Out of Reach for Most READ MORE Add a Comment Cancel replyYour email address will not be published.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