U.S. stocks ended mostly higher Thursday on positive tones from the banking sector and the economy. The Dow Jones Industrial Average rose about 269 points, or 0.8%, ending near 34,122:
U.S. stocks ended mostly higher Thursday, getting a boost from the financial sector, on positive tones from the banking sector and the economy. The Dow Jones Industrial Average DJIA, +0.80% rose about 269 points, or 0.8%, ending near 34,122, according to preliminary FactSet data. The S&P 500 index SPX, +0.45% ended 0.5% higher, while the Nasdaq Composite Index COMP, -0.00% closed virtually unchanged. The S&P 500’s financial sector was a standout, climbing 1.
7%, a day after 23 of the nation’s biggest banks passed annual “stress tests,” designed to model their ability to withstand a severe global recession scenario. The U.S. economy also saw a revised gross domestic product reading of 2% in the first quarter.
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