Dow Opens Higher After Biggest Intraday Rebound Since 2022
Thursday, 12 September 2024, 06:52
Market Overview
Dow opens higher after witnessing the biggest intraday rebound since 2022, signaling potential stability in the markets. Following a session filled with volatility, current economic reports play a vital role in shaping investor sentiment.
Economic Data Impact
- Jobless claims saw an increase last week.
- Wholesale inflation data for August indicated a slight uptick in service prices.
Market Activity: Following these reports, stocks opened modestly higher:
- Dow: up 25 points (0.1%) at 40,900
- S&P 500: little-changed at 5,552
- Nasdaq Composite: up 7 points (less than 0.1%) at 17,402
Investors are closely monitoring these trends, as they signify critical shifts in the economic landscape.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.