Dow Jones Has Its Biggest Day Of The Year, Jumps 400 Points – Huffington Post

NEW YORK (AP) — The Dow Jones industrial average had its biggest day in three years, soaring more than 400 points as the stock market extended a rally into a second day.

The Dow closed up 421 points, or 2.4 percent, to 17,778 Thursday, its largest gain since December 2011.

The Standard & Poor’s 500 gained 48 points, or 2.4 percent, to 2,061. The Nasdaq composite climbed 104 points, or 2.2 percent, to 4,748.

The market built on its surge from the day before, when the Federal Reserve indicated it was in no rush to raise interest rates.

Oracle led a rally in technology shares after the business software maker reported earnings that were better than expected.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.21 percent.

This entry passed through the Full-Text RSS service – if this is your content and you’re reading it on someone else’s site, please read the FAQ at fivefilters.org/content-only/faq.php#publishers.
Want something else to read? How about ‘Grievous Censorship’ By The Guardian: Israel, Gaza And The Termination Of Nafeez Ahmed’s Blog

Bookmark the permalink.