Updated from 4:14 p.m. EST
Stocks in the U.S. got off to a rough start Wednesday following a series of gloomy economic reports, but they rallied to close with solid gains ahead of the Thanksgiving holiday.
The Dow Jones Industrial Average, down some 168 points earlier, finished up 247.14 points, or 2.9%, at 8726.14, and the S&P 500 added 30.29 points, or 3.5%, at 887.68. The Nasdaq led the move higher with a gain of 67.37 points, or 4.6%, at 1532.10. The day's gains marked the fourth straight winning session for the Dow and the S&P 500.
"In the period pre-Thanksgiving and after Thanksgiving, the market generally acts pretty well," said Bruce Zaro, chief technical strategist at Delta Global Advisors. He said that the market rallied about 20% from its Oct. 10 low into election day, and he sees the recent upward movement in stocks as a second iteration of that event. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,309.92 | 1,091.49 | 2,138.44 | 32.31 |
Oil *
77.12
|
|
DOWN
154.48
|
DOWN
19.14
|
DOWN
37.61
|
DOWN
0.48
|
10 Yr
3.23%
SPDR Gold
115.06
|
|
-1.48%
|
-1.72%
|
-1.73%
|
-1.46%
|
Data delayed 20 minutes |
Connect with TheStreet