ZUMZ - Stocks Rebound As Dollar Treasury Yields Retreat; Bitcoin Targets Best September Session: What's Driving Markets Thursday? | Benzinga
Markets are bouncing back after days of pronounced volatility, aided by the slowdown in Treasury yields and Thursday’s dip in the value of the dollar.
Newly released data confirmed that U.S. economic growth was at an annualized rate of 2.1% in Q2, while initial jobless claims have held near their over-eight-month low, defying expectations of a more significant increase.
The surge in risk appetite is fueling solid gains in tech stocks and Bitcoin (CRYPTO: BTC) during the trading sessions. The cryptocurrency has gained 2.9% by midday, marking its strongest session in September.
Chart of The Day: Bitcoin’s Daily Returns In September
Cues From Thursday’s Trading:
Major averages were all in the green on Thursday. The S&P 500 rose 0.6%, the Dow gained 0.5%, the Russell 2000 soared 1% and the Nasdaq 1000 outperformed, rising 1.1%
US Index Performance On Tuesday
Index Performance (+/-) Value
Nasdaq 100 +1.12% 14,744.62
S&P 500 Index +0.54% 4,307.28
Dow Industrials +0.46% 33,706.37
Russell 2000 +1.03% 1,797.29
Thursday’s Trading In Major US Equity ETFs
- The SPDR S&P 500 ETF Trust (NYSE:SPY) was 0.7% higher to $429.14
- The SPDR Dow Jones Industrial Average ETF ...