Tags: US | Wall | Street

Dow Soars 423 Points on Economic News

Thursday, 11 Aug 2011 04:37 PM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

NEW YORK (AP) — Stocks are rising at the close of trading after investors latched onto some small signs that the economy might not be headed into another recession.

Fewer Americans joined the unemployment line last week, and a technology bellwether said revenue could grow faster this quarter than analysts expected. The news is pushing down prices on long-term Treasurys down, and gold is down from its record high.

The Dow Jones industrial average is up 423 points Thursday, or 3.9 percent, to 11,143. It's the first time the Dow has ever had four straight 400-point days.

The S&P 500 is up 51, or 4.6 percent, to 1,173. The Nasdaq is up 111, or 4.7 percent, to 2,493. All three major U.S. stock indexes are down at least 1.6 percent for the week.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Former Member: Oklahoma Mosque Taught Radical Islam

Wednesday, 01 Oct 2014 22:43 PM

A former member of an Oklahoma mosque attended by the suspect in a recent beheading said members and leaders taught radi . . .

Rand Paul: 'I Am Not Opposed to Birth Control'

Wednesday, 01 Oct 2014 11:30 AM

Sen. Rand Paul, R-Ky., widely believed to be seeking the Republican nomination for president in 2016, cautiously tiptoed . . .

Dick Morris: Obama Went Out of Way to Miss Intelligence Briefings

Wednesday, 01 Oct 2014 11:15 AM

President Barack Obama has missed 58 percent of the national security intelligence briefings during each of his terms in . . .

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved