Dow recovered....
U.S. stocks rallied Thursday, nearly erasing their week-to-date losses, as investors welcomed General Motors Co. back to the public market and found solace in economic data and a likely rescue for Irish banks.
“For now, the market is ignoring higher rates while it celebrates the GM IPO and the big number on the Philly Fed survey,” said Elliot Spar, market strategist at Stifel, Nicolaus & Co.
Among U.S. economic data, the four-week average of new jobless claims hit a two-year low and the Federal Reserve Bank of Philadelphia reported a surge in regional manufacturing activity.
Dow Jones Industrial Average
(DJI: ^DJI )
| Index Value: | 11,181.23 |
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| Trade Time: | 4:02PM EST |
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| Change: |  173.35 (1.57%) |
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| Prev Close: | 11,007.88 |
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| Open: | 11,010.49 |
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| Day's Range: | 11,010.34 -11,199.69 |
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| 52wk Range: | 9,596.04 -11,505.80 |
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