On Thursday, September 28, the U.S. stock markets ended higher, driven by economic data and a pause in rising Treasury yields ahead of a crucial inflation report.
U.S. jobless claims edged up by 2,000 to 204,000, beating market expectations of 215,000. The second-quarter U.S. economic growth remained steady at an annualized rate of 2.1%, while the first-quarter expansion was revised to 2.2%.
Among the S&P 500 sectors, communication services climbed 1.2%, materials saw a 1% increase, and the rate-sensitive utilities sector continued to decline, falling by 2.2%.
The Dow Jones Industrial Average closed higher by 0.35% at 33,666.34. The S&P 500 saw an increase of 0.59%, ...