Stocks open higher on Wall Street a day after a sell-off
The Associated Press undefined
Stocks are climbing back in the early going on Wall Street Thursday, a day after the market took its biggest one-day loss since October. The S&P 500 index added 1.2%.
Some Big Tech companies were back in the winning column, including Facebook, which reported much better results for the last three months of the year than analysts were expecting.
Traders were encouraged to see a slight decline in the number of applications for unemployment benefits last week, even though the numbers remain very high due to widespread job losses related to the coronavirus pandemic. Treasury yields rose.