Overall Index Up In Rural Midwest Banker Survey
- 2.Economy/Stocks, General
Thursday Morning Business Brief
Stocks are swinging up in afternoon trading. After adding nearly 100 points in the opening minutes only to drop as much as 110 points lower this afternoon, the Dow has moved back into positive territory as has the S&P 500.
Investors are hoping to recover ground lost after a rough finish last week.
Stocks have started clawing back some of the ground they lost last week. The Dow rose 146 points and finished at 16,173.24 today.
The sell-off continues on Wall Street with bank stocks joining techs in the slide after JPMorgan Chase turned in a weak first quarter earnings report.
Investors turned against biotech, Internet and other once-soaring stocks yesterday, driving the Nasdaq composite index to its worst day since 2011.
A plunge in biotechnology shares is leading a sell-off in the stock market this afternoon.
Investors are again embracing some of the stock market's more risky names.
Technology stocks continue to recover from a drubbing they took over the past week, while better-than-expected quarterly results from Alcoa are helping push other mining and materials stocks higher.
Investors are hoping Wall Street will stay in positive territory today following yesterday's gains.
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