Stocks ended higher on Wall Street Thursday, regaining half of its plunge the day before, as buyers returned to the market. Among stocks making big moves, electronics retailer Best Buy jumped $3.48, or 16 percent, to $25.13.
Stocks closed up on Wall Street Tuesday with the Dow barely extending its winning streak to eight days. Stocks have surged this year as investors became encouraged by a recovery in the housing market and a pickup in hiring.
The Dow Jones industrial average closed above 14,000 Friday for the first time since October 2007. The Dow Jones industrial average is a stock market index that is traditionally considered a benchmark for how the entire stock market is faring.
Stocks rose on Wall Street Tuesday as the Dow Jones industrial average closed at 13,954. The January rally looked as if it was running out of steam yesterday as stocks pulled back from their highs, but Tuesday stocks resumed their ascent toward record levels.
Jobless claims were projected to drop last week, but they rose unexpectedly instead. But despite the scary numbers, the jobless claims data may include signs that the economy is making forward progress.
Stocks closed mostly lower Thursday after signs emerged that Americans are spending at a slower pace and that China's economy may be in worse shape than previously thought. The Dow Jones industrial average closed down 47 points at 12,896.