Published on 17 Mar 2023 on Zacks via Yahoo Finance
U.S. stock markets closed sharply higher on Thursday as three major stock indexes ended in positive territory offsetting stiff losses in the early trading period. The negative effect of a higher-than-expected rate hike by the ECB was more than offset by developments to restore investors’ confidence in the U.S. and global banking system. Economic data were mixed.
How Did The Benchmarks Perform?
The Dow Jones Industrial Average (DJI) advanced 1.2% or 371.98 points to close at 32,246.55. At intraday low, the blue-chip index was down more than 300 points. Notably, 26 components of the 30-stock index ended in positive territory and 4 in negative zone.
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