Alva Review-Courier -

Stocks rally to higher close as job market remains strong

 

December 30, 2022



A relatively light day of trading on Wall Street ended Thursday with a broad rally for stocks as investors welcomed new jobless benefits data that shows the labor market remains strong.

The S&P 500 rose 1.7%, with roughly 95% of stocks within the benchmark index closing higher. The gains more than made up for the index's losses the previous two days, the latest oscillation in what has been a volatile, holiday-shortened week for stocks.

The Dow Jones Industrial Average rose 1% and the Nasdaq composite gained 2.6%.

Technology stocks, which are down 29% this year, powered much of the rally. Ap...



For access to this article please sign in or subscribe.

 

Reader Comments(0)

 
 

Our Family of Publications Includes:

Arc
Newsgram

Powered by ROAR Online Publication Software from Lions Light Corporation
© Copyright 2022