Market Watch: Stocks Attempt To Rebound

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U.S. stocks were higher on Thursday, as investors hoped to recover after a particularly disastrous day on Wednesday.

Not only did major U.S. indices fall anywhere from 1.5%—2% on the day, an extended technical glitch shut down trading at the New York Stock Exchange (NYSE) for about 3.5 hours. This morning, experts said they were confident the problem was fixed.

Today, investors are reacting to a slightly higher-than-expected number of jobless claims, plus a report from the Federal Open Market Committee that calls into doubt—once again—the timing of interest rate hikes.

Overnight, the Shanghai Composite index in China recovered some of its losses from earlier in the week—but the index still stands 25% lower than it did one month ago.

Meanwhile, European leaders continue to look towards Sunday’s meeting of heads of state in hopes of resolving the Greek debt crisis.

Here are the final numbers from Thursday on Wall Street:

Dow Jones Industrial Average: 17,548.62 (+33.20)

NASDAQ: 4,922.40 (+12.64)  

S&P 500: 2,051.31 (+4.63)

Phil Cannella
Partnered with CBS Radio Network, Phil Cannella reports on the issues most important to the American retiree.
Phil Cannella

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