On Thursday, December 21st, the U.S. stock markets closed in green as economic data spurred hopes for a more relaxed Federal Reserve policy, boosting investor confidence.
In economic data, U.S. jobless claims rose to 205,000, below expectations of 215,000, while Q3 economic growth adjusted down to 4.9%, a decrease from the previously estimated 5.2%.
Each of the S&P 500's 11 key sectors closed higher, with consumer discretionary stocks leading in percentage growth.
The Dow Jones Industrial Average was up 0.87% at 37,404.35, the S&P 500 gained by 1.03% to 4,746.75, and the Nasdaq Composite rose ...