US close: Stocks claw back some losses in year's penultimate trading session
Wall Street stocks closed higher on Thursday but major indices remained firmly on course for a losing year after 2022's penultimate session.
At the close, the Dow Jones Industrial Average was up 1.05% at 33,220.80, while the S&P 500 advanced 1.75% to 3,849.28 and the Nasdaq Composite saw out the session 2.59% firmer at 10,478.09.
The Dow closed 345.09 points higher on Thursday, almost erasing losses recorded in the previous session.
In focus on Thursday, the US joined India, Italy, Japan, and Taiwan in requiring negative Covid tests for travellers from China. The move comes as China battles a surge in coronavirus infections while also attempting to dismantle its zero-tolerance approach to the virus amid low vaccination rates, particularly among the elderly.
On the macro front, weekly jobless claims in the States rose slightly more than expected in the seven days ended 24 December, according to the Department of Labor, with initial unemployment claims increasing by 9,000 to reach 225,000. Economists expected to see initial claims rise to 223,000, up from 216,000 a week earlier.
No major corporate earnings were released on Thursday.
Reporting by Iain Gilbert at Sharecast.com
Dow Jones - Risers
Walt Disney Co. (DIS) $87.18 3.58%
Salesforce.Com Inc. (CRM) $132.54 3.17%
Apple Inc. (AAPL) $129.61 2.83%
Microsoft Corp. (MSFT) $241.01 2.76%
Intel Corp. (INTC) $26.21 2.62%
American Express Co. (AXP) $147.32 2.30%
Nike Inc. (NKE) $117.35 2.06%
3M Co. (MMM) $120.57 1.93%
Visa Inc. (V) $208.06 1.50%
Home Depot Inc. (HD) $320.41 1.48%
Dow Jones - Fallers
Walgreens Boots Alliance, Inc. (WBA) $37.47 -0.29%
Merck & Co. Inc. (MRK) $110.82 -0.23%
Honeywell International Inc. (HON) $0.00 0.00%
Dowdupont Inc. (DWDP) $0.00 0.00%
Unitedhealth Group Inc. (UNH) $529.88 0.27%
Boeing Co. (BA) $188.91 0.28%
McDonald's Corp. (MCD) $265.93 0.31%
Caterpillar Inc. (CAT) $240.20 0.34%
Procter & Gamble Co. (PG) $152.59 0.41%
Johnson & Johnson (JNJ) $177.56 0.51%
S&P 500 - Risers
Svb Financial Group (SIVB) $234.63 8.40%
Mattel Inc. (MAT) $18.01 6.32%
Nektar Therapeutics (NKTR) $2.20 6.28%
VF Corp. (VFC) $27.44 6.11%
Mohawk Inds Inc. (MHK) $102.05 5.90%
Illumina Inc. (ILMN) $201.64 5.68%
Ford Motor Co. (F) $11.53 5.39%
Carnival Corp. (CCL) $8.07 5.35%
HF Sinclair Corporation (DINO) $51.50 5.25%
Align Technology Inc. (ALGN) $212.14 5.24%
S&P 500 - Fallers
Cardinal Health Inc. (CAH) $77.72 -1.12%
CF Industries Holdings Inc. (CF) $85.54 -0.96%
Edison International (EIX) $64.38 -0.95%
Amerisource Bergen Corp. (ABC) $166.01 -0.78%
PACCAR Inc. (PCAR) $98.59 -0.66%
McKesson Corp. (MCK) $375.22 -0.63%
Campbell Soup Co. (CPB) $56.71 -0.58%
Archer-Daniels-Midland Co. (ADM) $93.09 -0.53%
Atmos Energy Corp. (ATO) $114.51 -0.50%
Nucor Corp. (NUE) $133.56 -0.47%
Nasdaq 100 - Risers
Qurate Retail Inc. (QRTEA) $1.59 8.90%
Tesla Inc (TSLA) $121.82 8.08%
Illumina Inc. (ILMN) $201.64 5.68%
Align Technology Inc. (ALGN) $212.14 5.24%
Netflix Inc. (NFLX) $291.12 5.14%
Skyworks Solutions Inc. (SWKS) $90.94 4.77%
eBay Inc. (EBAY) $41.82 4.76%
Hasbro Inc (HAS) $60.99 4.76%
Dish Network Corp. (DISH) $14.12 4.59%
Western Digital Corp. (WDC) $31.57 4.50%
Nasdaq 100 - Fallers
PACCAR Inc. (PCAR) $98.59 -0.66%
Walgreens Boots Alliance, Inc. (WBA) $37.47 -0.29%
O'Reilly Automotive Inc. (ORLY) $843.66 -0.11%
Citrix Systems Inc. (CTXS) $103.90 0.00%
Celgene Corp. (CELG) $0.00 0.00%
Alexion Pharmaceuticals Inc. (ALXN) $0.00 0.00%
Maxim Integrated Products Inc. (MXIM) $0.00 0.00%
Xilinx Inc. (XLNX) $0.00 0.00%
Cerner Corp. (CERN) $0.00 0.00%
Mylan Inc. (MYL) $0.00 0.00%