NEW YORK — The stock market surged again on Thursday, putting the Dow
Jones industrial average on track for its best week since 2011.
Investors plowed money back into stocks following a slump the week before, encouraged by a 4 percent jump in the price of crude oil and Pfizer’s $16 billion deal to buy the drugmaker Hospira.
The Dow Jones industrial average jumped more than 200 points, its third big gain this week. The Dow is now up about 700 points, or 4 percent, so far this week.
That’s a far cry from the week before, when the blue-chip index stumbled nearly 3 percent.
“We’ve been returning to more normal volatility and this week is just the most recent example of that,” said Gabriela Santos, a global market strategist with JPMorgan Funds.
The Dow Jones industrial average rose 211.86 points, or 1.2 percent, to 17,884.88. The Standard & Poor’s 500 index added 21.01 points, or 1 percent, to 2,062.52. The Nasdaq composite rose 48.39 points, or 1 percent, to 4,765.10.
The gains put the Dow and S&P 500 back into the black for 2015.
Health care stocks and energy companies had some of the biggest gains.
Read more Click here / www.trade4x.net
Investors plowed money back into stocks following a slump the week before, encouraged by a 4 percent jump in the price of crude oil and Pfizer’s $16 billion deal to buy the drugmaker Hospira.
The Dow Jones industrial average jumped more than 200 points, its third big gain this week. The Dow is now up about 700 points, or 4 percent, so far this week.
That’s a far cry from the week before, when the blue-chip index stumbled nearly 3 percent.
“We’ve been returning to more normal volatility and this week is just the most recent example of that,” said Gabriela Santos, a global market strategist with JPMorgan Funds.
The Dow Jones industrial average rose 211.86 points, or 1.2 percent, to 17,884.88. The Standard & Poor’s 500 index added 21.01 points, or 1 percent, to 2,062.52. The Nasdaq composite rose 48.39 points, or 1 percent, to 4,765.10.
The gains put the Dow and S&P 500 back into the black for 2015.
Health care stocks and energy companies had some of the biggest gains.
Read more Click here / www.trade4x.net
No comments:
Post a Comment