Weekly jobless claims fall; GDP grows 2.7% in Q4Indexes up: Dow 0.33%, S&P 0.53%, Nasdaq 0.72%
Feb 23 - Wall Street ended a topsy-turvy Thursday in positive territory, with the S&P 500 snapping a four-session losing streak, as investors grappled with how interest rate policy might affect the U.S. economy. Stock markets have been volatile this year, pulling back in February after a strong January as investors tried to figure out what the U.S. Federal Reserve will do with interest rates. Hawkish comments from policymakers have been interspersed with data pointing to a strong American economy.
On Thursday, the Labor Department said the number of Americans filing new claims for unemployment benefitsA separate report confirmed the economy grew solidly in the fourth quarter, though rising inventory levels were responsible for much of the increase. U.S. gross domestic product increased 2.7% in the fourth quarter, according to the government's second estimate. Economists were forecasting a 2.9% rise.
Energy Energy Latest News, Energy Energy Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Reuters - 🏆 2. / 97 Read more »