Stocks soared Thursday as Treasury yields retreated after the Federal Reserve a day earlier signaled a wait-and-see approach on further rate hikes. The Dow Jones Industrial Average DJIA, +1.70% surged 565 points, or 1.
7%, to close near 33,839, according to preliminary figures. The S&P 500 SPX, +1.89% advanced 1.9%, for its biggest one-day gains since April 27, according to FactSet, while the Nasdaq Composite COMP, +1.78% jumped 1.8%.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Oil bounces ahead of Fed meeting while traders monitor Israel-Hamas war developmentsWilliam Watts is MarketWatch markets editor. In addition to managing markets coverage, he writes about stocks, bonds, currencies and commodities, including oil. He also writes about global macro issues and trading strategies. During his time at MarketWatch, Watts has served in key roles in the Frankfurt, London, New York and Washington, D.C.
Source: MarketWatch - 🏆 3. / 97 Read more »
Why stock-market bulls say 'Santa rally' may have already started as equities surge to kick off NovemberWilliam Watts is MarketWatch markets editor. In addition to managing markets coverage, he writes about stocks, bonds, currencies and commodities, including oil. He also writes about global macro issues and trading strategies. During his time at MarketWatch, Watts has served in key roles in the Frankfurt, London, New York and Washington, D.C.
Source: MarketWatch - 🏆 3. / 97 Read more »
Car wash company Driven Brands rallies in premarket trades on stronger-than-expected revenue and adjusted profitSteve Gelsi covers banking and cannabis as a Senior Reporter for MarketWatch.
Source: MarketWatch - 🏆 3. / 97 Read more »
Stanley Druckenmiller warns U.S. needs to stop 'spending like drunken sailors', rising interest rates could be 'force for good'Joseph Adinolfi is a markets reporter at MarketWatch.
Source: MarketWatch - 🏆 3. / 97 Read more »