
Stocks rebounded on Thursday, with the Dow Jones Industrial Average gathering momentum after closing below 20,000 for the first time since 2017. Limited time: Save 25% on NBC News subscription Get exclusive reporting, live Q&As and ad-free reading. The Dow closed with a gain of 189 points Thursday, while the S&P 500 rose by 0.5 percent and the tech-heavy Nasdaq traded higher by just under 2.5 percent, boosted by stock gains at Facebook and Amazon. Markets were optimistic after President Donald Trump said the U.S.
Main Idea: Stocks rebounded even as new jobless claims spiked, while the Federal Reserve and other central banks worked to steady markets.
Key Points:
Rising jobless claims signal more layoffs and less income for workers and small businesses, while market losses can hurt retirement savings and household wealth.
Federal Reserve support and gains in Facebook and Amazon helped calm markets, which can reduce panic for investors and slow some economic damage.
Rate how each entity in this article affected the American people.
Named company whose stock gains helped boost the Nasdaq.
Named company whose stock gains helped boost the Nasdaq.
One of the article’s main market benchmarks, referenced throughout as a primary measure of market performance.
Major central bank actor whose actions to extend its currency swap program helped stem the market sell-off.
Major technology-heavy stock index cited as a central indicator of market movement in the article.
Central political actor whose statements about vaccines and oil market intervention are used to explain market movements.
Major stock index cited as a central indicator of market movement in the article.
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Mentioned as the destination for government oil purchases; relevant context but not an accountable actor.