Stocks roared higher at the open Thursday one day after a set of blowout tech earnings and a pledge from the Federal Reserve to leave monetary policy easy for some time. The Dow Jones Industrial Average gained 172 points or 0.5% to open near 33,992, while the S&P 500 added 0.8%, roughly 33 points, to start trading near 4.216. The Nasdaq Composite index jumped 153 points or 1.1%, trading near 14.204. Apple Inc. shares gained after the bell after the company beat expectations and upped its share buyback program, scoring it a round of price-target increases from Wall Street analysts. Jobless claims also continued to trend downward, falling to 553,000 in the most recent week.
Stocks sharply higher Thursday after tech earnings bounce and Fed guidance
2021-04-29T13:49:27-04:00April 29th, 2021|
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