Wall Street's main indexes closed higher on Thursday, led by growth stocks in light trading, as U.S. unemployment data signaled the Federal Reserve's interest rate hikes might be starting to dent labor market strength in its bid to fight inflation. All 11 S&P 500 sector indexes rose, with communication service and technology as the biggest winner with gains of nearly 3 percent. "It's just relief," said Keith Buchanan, portfolio manager at GLOBALT Investments in Atlanta. "Selling pressure has been overwhelming the market recently and we could be having a break. That allowed room for stocks to move, and with lower volume (that) can materialize into a pretty good day." Apple In...
Keep on reading: Wall St ends firmer, growth stocks lead in thin trading
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Keep on reading: Wall St ends firmer, growth stocks lead in thin trading
from INQUIRER.net https://ift.tt/Ta83Rwk
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