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.