Investors got right back into the game on Thursday as U.S. jobless claims fell to their lowest level since January 2008 and the European Central Bank cut interest rates for the first time in 10 months. Market enthusiasm was fueled even further after some good news on the earnings front.
By day’s end, the S&P 500 put up a 0.94% gain to close at a record 1597.59, the Nasdaq posted the day’s best performance with a 1.26% gain to 3340.62, and the Dow Jones Industrial Average rose 0.89% to finish at 14831.58.
The Detroit Three recorded their best April for U.S. auto sales since 2007, and General Motors’ (NYSE:GM) earnings report suggested a better performance in Europe. GM shares improved by more than 3%, and Ford (NYSE:F) — which announced it would hire 2,000 workers to meet growing truck demand — moved ahead marginally.
- SunPower (NASDAQ:SPWR): Up 17.6% ($2.29) to $15.29.
- Monster Worldwide (NYSE:MWW): Up 8.9% (38 cents) to $4.67.
- Harman International (NYSE:HAR): Up 8.2% ($3.64) to $47.83.
- Nii Holdings (NASDAQ:NIHD): Down 10.7% (89 cents) to $7.44.
- Halcon Resources (NYSE:HK): Down 9.3% (58 cents) to $5.67.
- Ebix (NASDAQ:EBIX): Down 5.3% ($1.09) to $19.51.
Marc Bastow is an Assistant Editor at InvestorPlace.com. As of this writing, he did not hold a position in any of the aforementioned securities.