Heres what happened to the market on Thursday

The Dow climbed 89.92 points, or 0.30%, to 29,379.77. The S&P 500 gained 0.33% to close at 3,345.78. The Nasdaq Composite advanced 0.67% to 9,572.15. Wall Street managed to recover coronavirus-related losses amid a raft of strong economic data and corporate earnings.

The Dow joined the S&P 500 and Nasdaq in record territory, erasing its losses from the recent coronavirus scare. Investors are still keeping an eye on the latest news around the virus, but better-than-expected economic data — such as the latest weekly jobless claims numbers — and solid earnings from companies such as Twitter have outweighed the negative sentiment from the virus.

Source: https://www.cnbc.com/2020/02/06/what-happened-to-the-market-thursday-dow-hits-record-joins-sp-500-and-nasdaq.html

You may like

In the news
Load More