U.S. equities markets jumped on Thursday as stock traders saw some relief after a number of weekly losses. All the major stock indexes rebounded after falling for nearly eight weeks in a row, while the crypto economy took some losses on Thursday, losing roughly 4% against the U.S. dollar during the past 24 hours. Meanwhile gold has been hanging below the $1,850 per ounce mark as Kitco’s Neils Christensen says gold markets remain “under pressure, seeing no major buying momentum.”
Analyst Says ‘Doom and Gloom’ Predictions ‘May Have Been Overdone’ Amid Stock Market Rebound
The Dow Jones Industrial Average, S&P 500, the Nasdaq, and NYSE composite all rallied during Thursday’s trading sessions. The S&P 500 rose about 2% reaching 4,057.84 by the closing bell, while Nasdaq spiked 2.7%, hitting 11,740.65.
Markets check: It’s a better day as stocks continued to rebound from the lowest levels in over a year.
Nasdaq 100 is currently up 2.99% https://t.co/SvxNwDuX3N pic.tw
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