US Stocks Open Higher on Thursday
Tiger Newspress2022-06-23
Stock rose on Thursday, as the market tried to recover some of the steep losses suffered in 2022, even as Wall Street continued to weigh recession risks.
The S&P 500 traded 0.5% higher, while the Dow Jones Industrial Average were up 130 points, or 0.4%. The Nasdaq Composite rose 0.9%.
Alibaba shares rose more than 4% in morning trading.
Federal Reserve Chair Jerome Powell is set to speak on monetary policy for a second day Thursday with congressional lawmakers. On Wednesday, Powell said the central bank is "strongly committed" to bringing down inflation. He also noted that a recession is a "possibility," a fear that has continued to weigh on Wall Street.
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