Thursday Stock Market Update
The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite continued rebounded on Thursday.
- The Dow Jones Industrial Average gained 139.16 points, or 0.50 percent, to close at 26,659.11.
- The S&P 500 gained 1.2 percent to close at 3,310.11.
- The Nasdaq Composite gained 1.6 percent to close at 11,185.59.
“Massive policy stimulus, positive medical developments and high hopes for a return to pre-pandemic economic activity levels have provided a solid boost to equity markets,” strategists at MRB Partners said. “However, mounting new economic restrictions, particularly in Europe, despite being forecastable and in lagged response to the re-acceleration in COVID-19 infections, only caught investors’ attention this week, triggering sharp losses.”