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.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!