Dow soars 423 points on economic news

(AP) - Stocks rose by the close of the trading day as investors latched onto some small signs that the economy might notbe headed into

NEW YORK - (AP) - Stocks rose by the close of the trading day as investors latched onto some small signs that the economy might notbe 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 economyWall St. takes a dive on first day after downgradeStocks end mixed after day of wild swings

advertisement | advertise on News 12

Trending Video

1 12 on Health: Spike in flu cases
2 Connecticut Sportscast, Jan. 16
3 Word on the Street: Selfies
4 Scholar Athlete: Gino Esposito
Tips to stay commited to your fitness resolution 5 Tips to stay committed to your fitness resolution

advertisement | advertise on News 12

Features

Focus on Connecticut Focus on Connecticut

Features local, state and federal officials discussing the issues around southwestern Connecticut.

Celebrates African-American culture in southwestern Connecticut. Our Lives

Celebrates African-American culture in southwestern Connecticut.

Each week News 12 Connecticut introduces you to Hometown Hero

News 12 highlights people who give to the community.

We spotlight a local team each week. Connecticut Team of the Week

Each week News 12 Connecticut highlights a team from a local school.

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