The Dow Jones industrial average gained around 55 points after a lower open, with UnitedHealth contributing the most gains.
Cisco Systems, though, fell 7. The Nasdaq composite outperformed, gaining 0.
You had a complete removal of any Trump premium," said Randy Warren, chief investment officer at Warren Financial. But financials suffered their worst session since June 24 on Wednesday, falling 3 percent. Stocks hit their session highs Thursday after a CSPAN video from earlier in the month circulated on trading floors that some traders falsely interpreted as former FBI Director James Comey saying he was never pressured to end an FBI probe.
In the video, however, Comey is answering a question specific to the U.
Dow, S&P end at records as tech shares rebound - MarketWatch
Attorney General or "senior officials at the Department of Justice," not Trump. To be sure, the move was first seen in the currency market , with the U. It seems very binary. There's no guilt or we're looking at impeachment," said Boris Schlossberg, managing director of foreign exchange strategy for BK Asset Management.
Schlossberg said that it was the CSPAN video recirculating that triggered the move higher, but he did not agree with the sentiment that the video would help clear Trump. Treasurys eased slightly paring gains made on Wednesday's session.
Stock Research & MarketWatch Investment Tools - MarketWatch
The benchmark year note yield rose to 2. Treasurys staged their second-biggest rally of the year Wednesday, as expectations faded that Trump can get tax reform or fiscal stimulus through Congress this year, or maybe even next year. In economic news, weekly jobless claims totaled ,, below the expected , Meanwhile, the Philadelphia Federal Reserve business index rose to The Dow Jones industrial average rose The Nasdaq climbed Advancers and decliners were about even at the New York Stock Exchange, with an exchange volume of 1.
Stocks close higher as tech, economic data power rebound - MarketWatch
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Stocks close higher, rebound from biggest sell-off in ; Dow adds about 55 points U. The Dow Jones industrial average gained around 55 points, a day after dropping points.
Traders work on the floor of the New York Stock Exchange NYSE in New York City. Fred Imbert Markets Reporter.
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