Thursday US stocks rose as investors returned to financial and technology shares on bets the recent rally could have more room to grow after a brief pullback. Volume, however, was light, a possible indication of a lack of broad conviction. Analysts said the surge in U.S. markets over the past two months has made investors who missed the rally anxious to get back into stocks.
On the other hand, Defensive stocks such as consumer staples and healthcare also gave a lift, underscoring some of the lingering worry about the economy following a report that showed a jump in weekly jobless claims. (source: reuters.coma & ft.com)
No comments:
Post a Comment