Today – Thursday 29th 2013
- U.S. stocks closed modestly higher on Thursday as the economy showed signs of improvement, stocks rose after data showed that the U.S. economy EXPANDED 2.5% from April to August. Analysts originally predicted 1.7% increase but the 2.5% increase passed the expectations, thus bringing confidence into the market and pushing it higher.
- Another reason U.S. stocks rose was because U.S. jobless claims fell last week to 331,000. Which exceeded analyst estimates.
- The Dow Jones industrial average (^DJI) was up 16.36 points, or 0.11 percent, at 14,840.87. The Standard & Poor’s 500 Index (^GSPC) was up 3.21 points, or 0.20 percent, at 1,638.17. The Nasdaq Composite Index (^IXIC) was up 26.95 points, or 0.75 percent, at 3,620.30.
Categories: Equity Capital Markets