Stocks staged a broad rally Thursday as investors digest rising interest rates.
On the economic calendar, the Labor Department reported 214,000 weekly jobless claims were filed, little changed from 227,000 the previous week. Continuing claims, which track the total number of unemployed workers collecting benefits, are edged down to 1.419 million, holding well below pre-pandemic levels.
Meanwhile, housing data came in very strong. Homes under construction in February rose 6.8% to a seasonally adjusted annual rate of 1.76 million – that’s up from 1.638 million in January. Permits for future construction slipped by 1.9% to 1.859 million in February. Also, the Philadelphia Federal Reserve's index of manufacturing activity for eastern Pennsylvania, southern New Jersey and Delaware rose to a reading of 27.4In cryptocurrencies, Bitcoin held above the $40,000 level.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Dow jumps 600 points, oil slides to $96 off 27% from peakInvestors eye falling commodities ahead of the Fed's decision on interest rates.
Weiterlesen »
S&P 500, Dow Jones Technical Outlook: Bullish Momentum FadesThe current projections imply a hike at every Fed meeting this year which would see the Fed hike 7 times should they continue to hike in 25 bps increments. Get your market update from RichardSnowFX here:
Weiterlesen »
Dow adds 500+ points, Fed rate hike taken in strideThe Federal Reserve hiked rates and delivered a new warning over Russia's invasion of Ukraine.
Weiterlesen »
Dow jumps 600 points, oil slides to $96 off 27% from peakInvestors eye falling commodities ahead of the Fed's decision on interest rates.
Weiterlesen »
S&P 500 Extends Rally, Up Nearly 5% for the WeekU.S. stock indexes rose the day after the Federal Reserve raised interest rates for the first time since 2018. Oil soared as the market’s focus returned to the Ukraine war.
Weiterlesen »
Dollar General stock jumps after upbeat outlookDollar General Corp. undefined shares rose 5.4% in Thursday premarket trading after it gave upbeat guidance for the next fiscal year. The discount retailer...
Weiterlesen »