Stocks rose Thursday, as investors looked to recover from declines seen in the previous session. Wall Street also weighed post earnings moves from Nvidia and Salesforce.
The Dow Jones Industrials recovered 226.9 points to open Thursday at 41,318.
The S&P 500 regained 26.62 points to 5,618.80.
The tech-heavy NASDAQ gained 106.92 points to 17,662.95.
Nvidia was down 2% after posting its latest earnings Wednesday afternoon. In its fiscal second quarter, the AI chipmaker exceeded expectations on the top and bottom lines, and issued a rosy current-quarter sales outlook.
That decline was offset by a pop in Salesforce. Shares traded nearly 2% higher after the business software giant beat fiscal second-quarter estimates and raised its full-year profit outlook.
Economic data released Thursday lent support to the stock market. Weekly jobless claims fell from the prior week, further easing recession concerns. In addition, second-quarter gross domestic product was revised higher to 3% growth from an initial 2.8% rate.
Prices for the 10-year Treasury inched lower, raising yields to 3.87% from Wednesday’s 3.84%. Treasury prices and yields move in opposite directions.
Oil prices regained $2.15 to $76.67 U.S. a barrel.
Gold prices hiked $15.40 to $2,553.20.
