Quick Recap of Thursday’s Session:
Stocks finished significantly higher on Thursday. Major indices started the day gaining and never looked back after a few positive economic data points lifted sentiment. China’s PMI moving back above 50 for the first time in five months, an improvement in the ADP Employment Report, stabilization in Weekly Jobless Claims, and a better than expected ISM Manufacturing figure were all factors in Thursday’s rallying. Stocks pulled back modestly in the afternoon, but picked up steam into the close to finish right near their best levels of the day.
S&P 500 +1.09%, NASDAQ +1.44%, DJIA +1.04%, Midcaps +2.36%.
Looking Ahead to Friday:
S&P 500 - Intraday
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S&P 500 - Last 12 Months