From Nasdaq: 2024-04-12 09:22:00

Wall Street closed higher on Thursday with tech stocks leading the way. The Dow Jones fell slightly, Nasdaq gained 1.7%, and the S&P 500 advanced by 0.7%. The fear-gauge VIX decreased by 5.6% to 14.91. The U.S. Bureau of Labor Statistics reported that Producer Price Index (PPI) increased 0.2% in March.

Mega-cap growth stocks like Apple and NVIDIA saw gains of 4.3% and 4.1%, respectively. Initial jobless claims fell to 211,000, and continuing claims rose to 1,817,000. Bitcoin has had the highest returns of any asset class, surpassing all others in the past three presidential election years with significant surges predicted in the future.



Read more at Nasdaq: Stock Market News for Apr 12, 2024