U.S. stock indexes rose Thursday morning, with the benchmarks staging a modest rebound:
U.S. stock indexes rose Thursday morning, with the benchmarks staging a modest rebound after an equities selloff tied to a surge in bond yields pushed the tech-heavy Nasdaq Composite into correction territory a day ago.
Wall Street was digesting corporate earnings but also poring over economic reports for guidance on the health of the economy and the investing market that has been buffeted by the prospect of higher interest rates. In U.S. economic, first-time jobless claims unexpectedly rose by 55,000 last week to 286,000, compared with expectations for 225,000, likely reflecting the effect of the spread of the omicron variant of the coronavirus that causes COVID-19. The Philadelphia Fed’s manufacturing index rose to 23.2 in January from 15.4 in December.
Meanwhile, markets also are paying attention to geopolitical worries, with Russia stationing troops along the border of Ukraine. In corporate news, shares United Airlines Holdings Inc. UAL, -2.03% of American Airlines Group Inc. AAL, -3.24% rose after both reported narrower-than-expected losses and amid omicron.
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