Frankfurt, New York Encouraged by soaring corporate profits, stock investors took hold of Wall Street on Thursday. The Dow Jones index of standard values gained 1.4 percent to 34,848 points. The broader S&P 500 and the index of the technology exchange Nasdaq rose by 1.5 percent each to 4430 and 14,809 points.
“Investors have generally been looking forward to a largely positive earnings season,” said David Swank, portfolio manager at Hood River Capital Management. Overall, it doesn’t look bad so far.
The mood on the stock exchanges also brightened up positive signals from the US labor market. The number of initial jobless claims fell last week to the lowest level since the beginning of the corona crisis in mid-March 2020.
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