NEW YORK: The dollar retreated and Wall Street rallied on Thursday as investors looked past weak U.S. GDP and jobless claims data to hopes of a rosier economy ahead and welcomed restrictions on this week's social media-driven trading frenzy.
Tech heavyweights Microsoft Corp, Amazon.com and Alphabet Inc were among the biggest boosts to the S&P 500 a day after the three major U.S. indexes suffered their biggest daily percentage drop in three months.
Already a subscriber? Log in
Play, subscribe and stand a chance to win prizes worth over RM39,000! T&C applies.
Cancel anytime. Ad-free. Unlimited access with perks.
