Facebook Hits $50, Nokia’s Unsure About Its Future: Market Recap
U.S. stocks rose on Thursday, breaking a five-day slump on news that jobless claims unexpectedly dropped in August. A Commerce Department report also showed that the GDP expanded at a faster rate in the second quarter than in the first. This positive economic data outweighed ongoing concern that lawmakers won’t be able to reach an agreement on the budget before a government shutdown.
Gold: -0.90% to $1,324.20 per ounce Oil: +0.32% to $102.99 per barrel U.S. 10-Year: +1.11 to 2.643%