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Wall Street has best day since 2022 after an encouraging update on US job market; S&P 500 up 2.3%

  • U.S. stocks rose after a better-than-expected report on unemployment boosted investors' confidence in the economy, as reported by AP.
  • The S&P 500 increased by 2.3%, marking its best day since 2022, aided by strong earnings and labor market data.
  • The Dow Jones Industrial Average also climbed, gaining 664 points, with major contributions from Nvidia and other Big Tech stocks.
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World markets suffered a big fall on Monday, and the US stock market is now rapidly making up for losses. The stock market index S&P 500 rose as much as 2.3 percent, which is the best result in the last two years.

·Estonia
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The New York Stock Exchange was once again filled with optimism this Thursday, after experiencing significant gains in its three main indices, driven by encouraging labor market data this week and profits from companies such as Nvidia, Meta and Apple. Both the Dow Jones, the S&P 500 and the Nasdaq closed on green ground. As seen at the end of the session, the S&P 500 rose 2.3% and closed at 5,319.31, its biggest single-day rise since November 20…

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CNBC broke the news in United States on Wednesday, August 7, 2024.
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