Wall Street trims gains late, but ends higher
U.S. stocks rose on Thursday, but were off their session highs, aided by rising commodity prices and improving labor market conditions, along with a sharp drop in interest rates. Earlier, after the government's 30-year bond auction met solid demand, all three stock indexes had risen above 1 percent.
The Dow Jones industrial average <.DJI> gained 31.90 points, or 0.37 percent, to close unofficially at 8,770.92, well off its session high of 8,877.93. The Standard & Poor's 500 Index <.SPX> rose 5.74 points, or 0.61 percent, to 944.89, below its session high of 956.23. The Nasdaq Composite Index <.IXIC> added 9.29 points, or 0.50 percent, to close unofficially at 1,862.37, off its session high at 1,879.92.
(Reporting by Rodrigo Campos; Editing by Jan Paschal)
© Copyright Thomson Reuters 2024. All rights reserved.