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US stocks end higher on positive economic data

By March 25, 2022 1709

US stocks ended higher Thursday on positive economic figures, including jobless claims and PMI.

The number of Americans filing first-time unemployment claims last week declined by 28,000 to 187,000 -- the lowest level for initial claims since September 1969.

Manufacturing industry PMI data hit a six-month high in March, reaching 58.5.

Meanwhile, durable goods orders declined 2.2% in February, worse than expectations.

The blue chip Dow Jones Industrial Average ended up 1.02%, or 349.44 points, at 34,707.

The S&P 500 rose 63.92 points, or 1.4%, to close at 4,520.

The tech-heavy Nasdaq climbed 269.23 points, or 1.9%, to 14,191./aa