The Dow ended the day higher than 300 points on Thursday, as investors bought back into the market after Wednesday’s decline. The S&P added 36 points (or 1%) closing the day out at 3787, and the Nasdaq Composite Index closed up 66 points (0.5%) at 13,337.
The big story again today was Gamestop. Shares traded down 44% on the heels of Robinhood restricting trades in the company.
Shares of American Airlines moved higher, over 9%, as the company reported a narrower loss than investors anticipated. Shares closed at $18.10 per share. Also in the travel arena, shares of Carnival moved higher, gaining 4% and closing at $19.72, as well as United, which also gained 4% to close at $42.55.
On the downside – Apple fell 3.5% to $137.09 after the iPhone maker failed to give guidance on the current quarter. Tesla declined 3.3% to $835.43 amid news that its first full year profit missed expectations.
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