Dow soars 423 points on economic news

(AP) - Stocks are rising at the close of trading after investors latched onto some small signs that the economy might not be headed into

NEW YORK - (AP) - Stocks are rising at the close of trading after investors latched onto some small signs that the economy might not be headed into another recession.

Fewer Americans joined the unemployment line last week, and atechnology bellwether said revenue could grow faster this quarterthan analysts expected. The news is pushing down prices onlong-term Treasurys down, and gold is down from its record high.

The Dow Jones industrial average is up 423 points Thursday, or3.9 percent, to 11,143. It's the first time the Dow has ever hadfour straight 400-point days.

The S&P 500 is up 51, or 4.6 percent, to 1,173. The Nasdaq is up111, or 4.7 percent, to 2,493. All three major U.S. stock indexesare down at least 1.6 percent for the week.

Stocks plunge as attention returns to weak economyDow rallies after Fed statement, up 429 points Wall Street takes a dive on first day after downgradeU.S. downgrade raises anxiety, if not interest ratesS&P downgrades U.S. credit rating from AAA

Share on Facebook Tweet on Twitter

advertisement | advertise on News 12

Top 5 Must See

The video was posted on YouTube by professional 1 Police: 4 men arrested in Splish Splash BMX video
According to the Chronicle, the photos were emailed 2 Hofstra University fraternity Sigma Pi accused of hazing ritual
Stoker Olukotun Williams was sentenced to life in 3 Bay Shore man gets life in prison for murdering prostitute
Riverhead Police arrested 4 men for criminal trespassing 4 Police: 4 in Splish Splash BMX video arrested
According to the study, more than a third 5 AAA: Drowsy driving is an epidemic in the United States

advertisement | advertise on News 12

Features

Need help this holiday season? We've got you Holiday Help Series

Need a gift idea? Perhaps you need a fun idea to do with the kids?

Each week, News 12's Doug Geed explores the Check out fun things to do on the East End!

Each week a different shelter visits News 12 Dog Day Fridays Series

Each week a different shelter visits News 12 Long Island with pets up for adoption.

News 12 digs deep to find Long Island's Discover Long Island's Hidden Past

Sorry to interrupt...

Your first 5 are free

Access to News12 is free for Optimum, Comcast®, Time Warner® and Service Electric℠ video customers.

Please enjoy 5 complimentary views to articles, photos, and videos during the next 30 days.

LOGIN SUBSCRIBE