Saturday, May 8, 2021

US Stocks ended in green after a sharp decline on Thursday

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Zubair Yaqoob
Zubair Yaqoob
The author has diversified experience in investigative journalism. He is Chief content editor at wnobserver.com
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US stocks ended in green on Thursday after decline during the day trade. The Dow Jones Industrial Average (DJIA) witnessed dramatic rebound and closed at 1.4% to 23138.8 points, a reversal of 613 points. Standard & Poor’s 500 rose 0.9% to 2489.8 points, and Nasdaq rose 0.41% to 6,288.3 points.

The US consumer data and Oil prices decline caused the uncertainty. On Thursday, Tech sector and semiconductors faced rebounding struggle.

FTSC finished Thursday sharply lower, downed by 1.5% as shares of resource companies took a hit amid weak Chinese economic reports and falling oil prices.

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