Market Overview

U.S. markets close higher; Dow Jones up 3.95%

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Forexpros – U.S. stocks were up after the closing bell on Thursday.

At the close of U.S. trade, the Dow Jones Industrial Average rose 3.95%, the S&P 500 index gained 4.63%, while the Nasdaq 100 index climbed 4.53%.

Earlier in the day, official data showed that U.S. Initial Jobless Claims fell unexpectedly to a seasonally adjusted 395K last week from 402K in the preceding week whose figure was revised up from 400K.

Analysts had expected Initial Jobless Claims to rise to 401K last week.

Meanwhile, across the Atlantic, European stock markets closed higher. France’s CAC 40 was up 2.89%; Germany’s DAX gained 3.28%; Britain’s FTSE 100 climbed 3.22%; and the EURO STOXX 50 rose 2.86%.



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