Stocks bounced back Thursday as investors focused more on strong
corporate earnings from tech companies and healthy economic data as
opposed to continuing tumult in emerging markets.
The Dow rose more than 100 points, while the S&P 500 and NASDAQ both gained more than 1%.
The U.S. government reported that the economy grew at a solid 3.2% pace in the fourth quarter, driven by strong consumer spending and exports. That figure beat economists' expectations, and although it's not indicative of gangbusters growth, the data seems to show the economy is moving forward modestly.
Stocks sold-off Wednesday after the Fed said it was cutting another $10 billion per month from its economic stimulus program. Investors were disappointed the central bank didn't address the recent trouble in emerging markets. Stocks around the world have been rattled in this week as investors worry about an emerging markets currencies sell-off sparked by a reduced flow of cheap money.
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The U.S. government reported that the economy grew at a solid 3.2% pace in the fourth quarter, driven by strong consumer spending and exports. That figure beat economists' expectations, and although it's not indicative of gangbusters growth, the data seems to show the economy is moving forward modestly.
Stocks sold-off Wednesday after the Fed said it was cutting another $10 billion per month from its economic stimulus program. Investors were disappointed the central bank didn't address the recent trouble in emerging markets. Stocks around the world have been rattled in this week as investors worry about an emerging markets currencies sell-off sparked by a reduced flow of cheap money.
If you want to earn sure profit from trading then just prefer Online Robotic Stock Trader and make your trading risk free.ORST is a fully robotic trading system which reduce risk from your trading.
Top Gainers and losers of US Stock Market
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