Published on 20 Jan 2022 on Yahoo Finance
U.S. stocks closed at session lows Thursday after staging a comeback from a turbulent previous session as investors weighed a series of upbeat earnings and a fresh read on weekly jobless claims out of Washington.
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The Nasdaq turned red heading into close after jumping 2% earlier to recoup some losses after the benchmark entered correction territory on Wednesday as rising bond yields and concerns around tighter monetary policy continued to plague investors. The Dow Jones Industrial Average closed down more than 300 points, nearly 1%.