29 Jan 2015
US stocks closed sharply higher amid strong economy and oil bounce
FXStreet (San Francisco) - The US stocks market closed with solid gains on Thursday as investors dismissed fears of a rise in interest rate and welcomed Janet Yellen's comments affirming in the Senate that the US economy is strong.
Market players also cheered the rebound in oil prices and upbeat earnings reports. The Dow recovered the 17,400 level after climbing more than 200 points.
Most sectors finished Thursday up for the day. Utilities shares led the market with an advance of 1.13%< followed by Consumer Staples (+1.09%) and Industrials (+0.99%). Energy was the only sector that posted losses with a 0.08% decline in the day.
The S&P 500 closed Thursday up 0.95% to 2,021. The Dow Jones rallied 1.31% to 17,416.85; while the Nasdaq Composite rose 0.98% to 4,683.41. Small caps in the figure of the Russell 2000 climbed 1.28% to 1,190.18.
Big gainers on the day were Boeing $BA (+5.83%); Apple $AAPL (+3.11%); and Microsoft $MSFT (+1.99%). Top losers, among big caps, were Qualcomm $QCOM (-10.28%); Alibaba $BABA (-8.78%); and Shell $RDS.B (-3.31%).
Market players also cheered the rebound in oil prices and upbeat earnings reports. The Dow recovered the 17,400 level after climbing more than 200 points.
Most sectors finished Thursday up for the day. Utilities shares led the market with an advance of 1.13%< followed by Consumer Staples (+1.09%) and Industrials (+0.99%). Energy was the only sector that posted losses with a 0.08% decline in the day.
The S&P 500 closed Thursday up 0.95% to 2,021. The Dow Jones rallied 1.31% to 17,416.85; while the Nasdaq Composite rose 0.98% to 4,683.41. Small caps in the figure of the Russell 2000 climbed 1.28% to 1,190.18.
Big gainers on the day were Boeing $BA (+5.83%); Apple $AAPL (+3.11%); and Microsoft $MSFT (+1.99%). Top losers, among big caps, were Qualcomm $QCOM (-10.28%); Alibaba $BABA (-8.78%); and Shell $RDS.B (-3.31%).