Wall Street ends choppy session higher as stimulus hopes ebb and flow
Wall Street closed higher at the end of a whipsaw session on Thursday as investors juggled hopeful and pessimistic news on the progress of stimulus talks Washington amid signs of waning momentum of economic recovery from the pandemic recession, now entering its ninth month.
The Dow Jones Industrial Average .DJI rose 35.2 points, or 0.13%, to 27,816.9, the S&P 500 .SPX gained 17.8 points, or 0.53%, to 3,380.8 and the Nasdaq Composite .IXIC added 159.00 points, or 1.42%, to 11,326.51.
A spate of data, including jobless claims and consumer spending, suggested that the plodding economic recovery could be losing steam.
Investors now look to the Labor Department’s employment report expected Friday to further gauge the economy’s progress.
Reference: Reuters
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