- The Dow jumped on Thursday +300.19 or +0.99%
- The S&P 500 rose +36.61 or +0.98%.
- The Nasdaq Composite climbed +66.56 or +0.50%.
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U.S. stocks jumped on Thursday, roaring back from a sharp sell-off on Wall Street that saw the S&P 500 and the Dow Jones Industrial Average suffer their worst drop in three months.
General Motors announced that it plans to be carbon neutral by 2040 in global operations and hopes to offer only zero-emissions vehicles by 2035.
These stocks, including brick-and-mortar video game retailer GameStop (GME) and AMC Entertainment (AMC), dropped sharply Thursday after brokerage firms like Interactive Brokers and Robinhood took steps to restrict transactions in the heavily shorted names.
GameStop, a red-hot target on the WallStreetBets Reddit chat room, fell 44% amid multiple trading halts, cutting its massive week-to-date gain to 197%. AMC Entertainment fell 56% after soaring a whopping 300% in the previous session. Bed Bath & Beyond slid 36%.
Shares of American Airlines surged 9.3% after the carrier posted better-than-feared quarterly results.
Tesla dropped 3.3% after the electric car maker posted worse-than-expected earnings for the latest quarter.
On the data front, gross domestic product increased at a 4.0% pace in the fourth quarter, slightly below the 4.3% expectation from economists surveyed by Dow Jones.
The number of first-time filers for unemployment benefits rose less than expected last week. Jobless claims totaled 847,000 for the week ended Jan. 23, the Labor Department reported Thursday. Economists polled by Dow Jones had expected first-time claims to total 875,000.