Stocks were moving sharply higher Thursday morning, a day after sinking to their worst loss since October amid lingering worries about the long-term economic damage from the pandemic. The Dow Jones industrial average was up 1.9% and the Nasdaq composite was up 1.3%. A separate report showed 847,000 more people likely filed jobless claims last week, strengthening views of a persistent labor market weakness. The stock, trading at $264 a share, overnight was worth as much as $500 a share. More than 100 companies in the S&P 500 are scheduled to tell investors this week how they fared during the last three months of 2020.

Source: Mint January 28, 2021 15:33 UTC