Wall Street closed higher on Thursday with tech stocks leading, positive jobs market data.

From Nasdaq: 2024-09-27 09:28:00

Wall Street closed higher on Thursday, led by tech stocks and positive jobs market numbers. The Dow Jones Industrial Average rose by 0.6%, the Nasdaq Composite by 0.6%, and the S&P 500 by 0.4%. Initial jobless claims fell to 218,000, indicating a strong labor market. Oil prices dropped over 3% due to reports of increased output from Saudi Arabia. Economic data showed a slight increase in pending home sales and stable durable goods orders.



Read more at Nasdaq: Stock Market News for Sep 27, 2024