The Dow Jones Industrial Average rose 269.76 points, or 0.8%, to 34,122.42, the S&P 500 gained 19.62 points, or 0.45%, to 4,396.48 and the Nasdaq Composite dropped 0.42 points, essentially flat at 13,591.33. European shares closed higher as better-than-expected U.S. data, as well as signs of cooling inflation in Spain, helped calm jitters over a global economic slowdown and hawkish signals from world bank leaders.
U.S. stocks were mixed and
benchmark Treasury yields jumped to their highest level since
March on Thursday as robust economic data helped ease recession
fears, but also increased the odds that the Fed.
While all three major U.S. stock indexes ended green, market participants appeared to show little conviction as first-quarter earnings season winds down, leaving few market-moving catalysts, aside from a disappointing Empire State manufacturing report from the New York Federal Reserve.
Biden meets lawmakers on Tuesday on debt ceiling Empire State manufacturing data disappoints Fed's Bostic warns not to expect rate cuts this year
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