Climate crisis and migration: Greta Thunberg supports International Organization for Migration (IOM) over ‘life and death’ issueRead more United Nations (UN) Convenes Lake Chad Countries, Amid Growing Regional CrisisRead more 11 Disruptive Startups Selected for Cohort 3 of the Africa Startup Initiative Program (ASIP) Accelerator Program powered by Startupbootcamp AfricaRead more Africa Data Centres breaks ground on new Sameer facility in NairobiRead more Coffee with a human face: A union that improves livelihoods for Ugandan farmersRead more Trends Predicted to drive the retail industry in 2023Read more Vantage Capital exits Pétro IvoireRead more Afrobarometer charts path for Round 10 surveysRead more Unified communication and collaboration trends for 2023 (By David Meintjes)Read more 2023 starts with BIG IMPACT on Bizcommunity!Read more

US stocks end higher on positive economic data

show caption
AFP Photo
Print Friendly and PDF

Mar 25, 2022 - 06:29 AM

ISTANBUL (AA) – US stocks ended higher Thursday on positive economic figures, including jobless claims and PMI.

The number of Americans filing first-time unemployment claims last week declined by 28,000 to 187,000 — the lowest level for initial claims since September 1969.

Manufacturing industry PMI data hit a six-month high in March, reaching 58.5.

Meanwhile, durable goods orders declined 2.2% in February, worse than expectations.

The blue chip Dow Jones Industrial Average ended up 1.02%, or 349.44 points, at 34,707.

The S&P 500 rose 63.92 points, or 1.4%, to close at 4,520.

The tech-heavy Nasdaq climbed 269.23 points, or 1.9%, to 14,191.

MAORANDCITIES.COM uses both Facebook and Disqus comment systems to make it easier for you to contribute. We encourage all readers to share their views on our articles and blog posts. All comments should be relevant to the topic. By posting, you agree to our Privacy Policy. We are committed to maintaining a lively but civil forum for discussion, so we ask you to avoid personal attacks, name-calling, foul language or other inappropriate behavior. Please keep your comments relevant and respectful. By leaving the ‘Post to Facebook’ box selected – when using Facebook comment system – your comment will be published to your Facebook profile in addition to the space below. If you encounter a comment that is abusive, click the “X” in the upper right corner of the Facebook comment box to report spam or abuse. You can also email us.