Dow soars 423 points on economic news

(AP) - Stocks are rising at the close of trading afterinvestors latched onto some small signs that the economy might notbe headed into another recession.Fewer

NEW YORK - (AP) - Stocks are rising at the close of trading afterinvestors latched onto some small signs that the economy might notbe headed into another recession.

Fewer Americans joined the unemployment line last week, and atechnology bellwether said revenue could grow faster this quarterthan analysts expected. The news is pushing down prices onlong-term Treasurys down, and gold is down from its record high.

The Dow Jones industrial average is up 423 points Thursday, or3.9 percent, to 11,143. It's the first time the Dow has ever hadfour straight 400-point days.

The S&P 500 is up 51, or 4.6 percent, to 1,173. The Nasdaq is up111, or 4.7 percent, to 2,493. All three major U.S. stock indexesare down at least 1.6 percent for the week.

advertisement | advertise on News 12

Trending Video

Police say they want to talk to a 1 Police: Man wanted for questioning in Bronx burglary pattern
Bronx Weekend Travel Advisory, Dec.10-11 2 Bronx Weekend Travel Advisory, Dec.10-11
3 VIDEO: Suspect in Sheridan Avenue murder escorted by police
The students at The Bronx Academy for Software 4 Local school celebrates Computer Science Education Week
The Buzz: sisters killed in radiator malfunction 5 The Buzz: sisters killed in radiator malfunction

advertisement | advertise on News 12

Features

Furry Friends is a weekly segment on News Furry Friends

Furry Friends is a weekly segment on News 12 The Bronx nightside.

Sorry to interrupt...

Your first 5 are free

Access to News12 is free for Optimum, Comcast®, Time Warner® and Service Electric℠ video customers.

Please enjoy 5 complimentary views to articles, photos, and videos during the next 30 days.

LOGIN SUBSCRIBE