Market Hits An All-Time High After Blowout Economic Data And Strong Bank Earnings
Apr 15, 2021
U.S. stocks climbed to record levels on Thursday as investor grew bullish amid economic data pointing to an accelerating recovering as well as strong earnings results. The Dow Jones Industrial Average rose more than 200 points to hit an all-time high. The S&P 500 gained 0.7%, also reaching an intraday record. The Nasdaq Composite advanced 1%. Retail sales surged 9.8% in March as additional stimulus sent consumer spending soaring, the Commerce Department reported Thursday. That number topped the Dow Jones estimate of a 6.1% gain. Read more at CNBC.