© Reuters.
By Daniel Shvartsman
Investing.com – U.S. markets shot higher in early Thursday as investors looked to recover from a rocky couple days this week.
At 10:00 ET (15:00 GMT), the traded up 1.3% to 3832, while the was up 1.9% at 10405. The traded 0.8% higher, and the traded up 1.9%.
last week as , while came in slightly ahead of economist expectations. It’s possible that investors digging for signs that the economy is slowing so the Federal Reserve can ease off their monetary policy tightening are reacting to that data, though it is just as feasible that after heavy tax-loss selling earlier this week, many went looking for bargains.
Befitting a positive day in the markets, most major stocks shot higher. Tesla (NASDAQ:) was up 7% and above $120/share, as longtime bullish shop Morgan Stanley came out with a , even as they cut their price target to $250. Warner Bros. Discovery, Inc. (NASDAQ:) was up 4.7% in early trading and Netflix (NASDAQ:) was up 4%.
An exception to this bullish trend was Cal-Maine Foods, Inc. (NASDAQ:), which dropped 11.7% in early trading after its beat expectations, but included news of a meaningful price hike due to a rise in feed costs. Goldman Sachs traded up only 0.4% as reports came out from Bloomberg that the investment bank was planning another round of job cuts that will be ‘unveiled in a matter of weeks’.
dipped again, down 1.7% to $77.6/barrel, with down 1.5% to $82.75. continued its precipitous fall, down 3.9% to $4.5.
The dropped 0.3%, giving back yesterday’s gains, with the up a corresponding 0.38% to $1.0648. () traded around $16670, in line with its price through the week, as Cannacord made the before we see a bitcoin bull market return. Gold bounced back up to $1825/oz, a .5% gain.
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