Wall Street continues to rebound as dollar retreats

Economies.com
2017-04-20 15:33PM UTC

U.S. stock indices kept rebounding on Thursday after drawing support from dollar's decline, and following upbeat earnings results from U.S. and European companies. 

 

The dollar fell today to a three-week low after U.S. unemployment claims rose past expectations last week, heaping pressure on the greenback. 

 

The current recovery on Wall Street remains temporary however amid ongoing political tensions regarding the U.S. and North Korea, and ahead of important elections in Europe, souring the sentiment. 

 

Standard and Poor's 500 rose 0.36%, or 8.41 points to 2,346.58, while Dow Jones climbed 0.41%, or 83.72 points to 20,488.21. 

 

Tech-heavy NASDAQ added 0.44%, or 25.88 points to 5,888.92. 

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