Europe - Wall Street ekes out gains, led by tech, growth stocks
Big tech helped Wall Street inch up to a higher close on Thursday, modestly building on a two-day rally as lackluster economic data and mixed corporate earnings prompted a pivot back to growth stocks.
A pull-back in economically sensitive cyclicals kept the S&P 500’s and the blue-chip Dow’s gains muted, while small-caps underperformed their larger rivals.
The Dow Jones Industrial Average rose 25.35 points, or 0.07%, to 34,823.35, the S&P 500 gained 8.79 points, or 0.20%, to 4,367.48 and the Nasdaq Composite added 52.64 points, or 0.36%, to 14,684.60.
European stocks close higher on dovish ECB comments; EQT up 13%
European stocks closed higher Thursday amid dovish comments from European Central Bank.
The pan-European Stoxx 600 closed up 0.6%, with travel and leisure shares jumping 2.6% to lead gains as most sectors and major bourses finished in positive territory.
The European Central Bank on Thursday held monetary policy steady, but tweaked guidance to reflect its recently-hiked inflation target. The bank vowed to maintain a “persistently accommodative” stance until its target is met consistently.
Reference: CNBC, Reuters
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