US stock market has its best day this year as investors shake off the doldrums; Disney jumps
NEW YORK, N.Y. - The stock market had its best day this year, nearly erasing the steep losses from early this week.
The gains came after encouraging news on the U.S. job market and Disney and other companies reported solid earnings.
The Dow Jones industrial average jumped 188 points, or 1.2 per cent, to close at 15,628 Thursday.
The Standard & Poor's 500 index rose 21 points, also 1.2 per cent, to 1,773. It was the best gain for both indexes since Dec. 18. Both are still down about half a per cent for the week following a steep drop on Monday.
The Nasdaq composite gained 45 points, or 1.2 per cent, to 4,057.
Disney jumped 5 per cent after the media company reported earnings that beat analysts' estimates, thanks partly to its box-office hit "Frozen."
Read more Business News
- Man dies after hit by semiPenticton / S. Okanagan - 1:58 pm
- School zones back in sessionWest Kelowna - 4:45 pm
- Smoke forces evacuationKelowna - 2:30 pm
- Four vehicle crash kills bearKelowna - 2:07 pm
|QHR Technologies Inc||1.27||-0.10|
|Anavex Life Sciences||0.2195||-0.0035|
|Copper Mountain Mining||2.40||-0.26|
|Sunrise Resources Ltd||0.02||-0.005|
|Mission Ready Services||0.27||-0.02|
“Is this a fair offer from ICBC?”…. “How much should I settle for?”… “What is my claim worth?” These are just some of the questions I regularly get as...
Last night I was privileged to be able to speak at the Greater Westside Board of Trade business awards dinner. Photo: ContributedI talked about Innovation and Collaboration which are two very interes...
There will be a time when you will need to decide who you should appoint as executor of your Will. As well, there may be a time when you will be asked by someone to act as the executor of his or her W...