Recession fears ease, jobless claims data: Trading Takeaways

Yahoo Finance Video
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US equities (^GSPC, ^DJI, ^IXIC) bounced back in Thursday's trading session after the latest data on initial jobless claims came in cooler than expected. The print brought much-needed relief to investors whose concerns of a recession exploded after the July jobs report showed the labor market slowed faster than anticipated. The S&P 500 jumped 2.3% on Thursday, its biggest increase since November 2022.

Yahoo Finance markets reporter Josh Schafer breaks down his key takeaways from the trading day.

For more expert insight and the latest market action, click here to watch this full episode of Asking for a Trend.

This post was written by Melanie Riehl