Stock Market Today: Dow opens higher after biggest intraday rebound since 2022
After Wednesday’s wild swings, stocks looked poised for a much quieter session on Thursday.
Stocks opened modestly higher after the latest batch of economic data. One day earlier, the Dow and the S&P 500 saw their biggest intraday rebound since 2022, according to Dow Jones Market Data.
The latest economic reports released earlier showed jobless claims ticked higher last week, while wholesale inflation data for August showed services prices rose slightly faster than expected — mirroring a dynamic from Wednesday’s CPI report.
Here is where stocks stood shortly after the open:
The S&P 500 was little-changed at 5,552.
The Dow was up 25 points, or 0.1%, at 40,900.
The Nasdaq Composite was up 7 points, or less than 0.1%, at 17,402.