20 Mar 2014
Wall Street closes higher and recovers almost all yesterday's losses
FXStreet (San Francisco) - The US stocks market closed higher on Thursday as investors digested well a set of positive US economic data and following yesterday's Yellen hawkish tone.
A positive reading from US leading indicators and the manufacturing Philly Fed survey were enough to ignite optimism amongst investors today. After closing bell, the Federal Reserve informed that only one bank failed its stress test. The institution was Zions Bank.
The Dow Jones rallied 108.88 points or 0.67% to finish the day at 16,331.05; S&P 500 added 11.24 points or 0.60% to close at 1,872.01; and the Nasdaq Composite won 11.68 pts or 0.27% to 4,319.29.
A positive reading from US leading indicators and the manufacturing Philly Fed survey were enough to ignite optimism amongst investors today. After closing bell, the Federal Reserve informed that only one bank failed its stress test. The institution was Zions Bank.
The Dow Jones rallied 108.88 points or 0.67% to finish the day at 16,331.05; S&P 500 added 11.24 points or 0.60% to close at 1,872.01; and the Nasdaq Composite won 11.68 pts or 0.27% to 4,319.29.