· Nasdaq rebounds after inflation-driven sell-off, Disney weighs on the Dow
The Nasdaq Composite rebounded Thursday after hot inflation data and surging bond yields sparked a sell-off in technology stocks in the previous session.
The tech-heavy Nasdaq gained 0.5% to close at 15,704.28. The S&P 500 closed marginally higher at 4,649.27. The Dow Jones Industrial Average shed 158.71 points, or 0.4%, to 35,921.23 — pulled down by Disney’s 7% drop.
· European stocks close higher as investors weigh inflation, earnings
European stocks closed higher on Thursday as global market players digested the latest U.S. inflation data, which showed persistent price rises.
The pan-European Stoxx 600 closed up by 0.3% provisionally, boosted by a 3.7% surge in mining shares. At the opposite end, Europe’s basket of travel and leisure stocks dipped around 1.1%.
Reference: CNBC
Thai
Eng