Dow Jones and S&P 500 Climb Thursday as Wall Street Shakes Off Three-Day Slump Before SpaceX IPO
Wall Street snapped a three-day losing streak on Thursday, but the rally lost steam by midday. Hot inflation data and Middle East tensions are keeping investors cautious ahead of SpaceX's historic IPO.
Dow Jones and S&P 500 Climb Thursday as Wall Street Shakes Off Three-Day Slump Before SpaceX IPO
Overview
After getting knocked around for three days, Wall Street decided it was time to get back up on Thursday morning.
The Dow Jones Industrial Average (DJINDICES: ^DJI) climbed 0.7% by noon, while the S&P 500 (SNPINDEX: ^GSPC) added 0.4%. The Nasdaq Composite (NASDAQINDEX: ^IXIC) was up 0.6%, though it had been running as high as 1.3% earlier before losing some steam. A brief scare around 11 a.m., when a false hazmat alarm triggered a Pentagon lockdown, sent all three indexes into a brief dip toward flat for a few minutes. The all-clear came quickly, and so did the buyers.
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Originally published at www.fool.com.
