U.S. stocks rallied to their best day since 2022 Thursday following an encouraging update on the job market.
The S&P 500 jumped 2.3 percent, continuing a roller-coaster ride for the market in recent days. The Dow Jones Industrial Average added 1.8 percent, and the Nasdaq composite gained 2.9 percent.
Treasury yields also climbed in the bond market, a signal that investors are feeling less worried about the economy, after a report showed fewer workers applied for unemployment benefits last week. Eli Lilly helped lead the market with a gain of 9.5 percent after delivering better profit for the spring than expected. Big Tech stocks rebounded….
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How Major US Stock Indexes Fared Aug. 8
