Dow Defies Trade Drama as Booming Jobs Data Spellbinds Wall Street

Dow Defies Trade Drama as Booming Jobs Data Spellbinds Wall Street


By CCN: The Dow and broader U.S. market raced deeper into recovery mode on Thursday after a pair of blue-chip companies reported better than expected quarterly earnings and fewer Americans applied for jobless benefits last week. Dow Extends Blockbuster Rally; S&P 500, Nasdaq Follow All of Wall Street’s benchmark indexes reported significant growth on Thursday, mirroring a strong pre-market session for Dow futures. The Dow Jones Industrial Average surged 272 points, or 1.1%, to 25,820.11. Dow blue-chips Walmart Inc. (WMT) and Cisco Systems Inc. (CSCO) rose sharply after the companies reported better than expected quarterly earnings. The broad S&P 500

The post Dow Defies Trade Drama as Booming Jobs Data Spellbinds Wall Street appeared first on CCN

Posted by Sam Bourgi on May 16, 2019 @ https://www.ccn.com/dow-defies-trade-drama-as-booming-jobs-data-spellbinds-wall-street

Comments are closed.