US stock indices rose during trading today, Thursday, and increased their gains in the wake of the issuance of strong economic data in addition to positive business results announced by Tesla and other companies.
And government data revealed that the first reading of the US gross domestic product for the fourth annual quarter of 2022 recorded a growth of 2.9%, while analysts expected a growth of 2.6% after a growth of 3.2% in the third quarter.
The US Durable Goods Orders index jumped 5.6% last month, while analysts had expected a rise of only 2.4%.
As for the weekly reading of the number of initial jobless claims in the United States, it recorded a decrease to 186 thousand applications last week, while analysts expected it to rise to 203 thousand from 192 thousand.
And new home sales in America recorded 616,000 units in December, compared to expectations for a rise to 610,000.
These data indicate the health and strength of the largest economy in the world, which reflects the statements of the Director of the International Monetary Fund, Kristalina Georgieva, that the US economy may avoid recession this year.
At the end of the session, the “Dow Jones” industrial index rose by 0.6% (about 205 points) to 33949 points, and recorded the highest level at 33953 points and the lowest level at 33635 points.
The broader S&P 500 index rose by 1.1% (about 44 points) to 4060 points, reaching the highest level at 4061 points and the lowest level at 4013 points.
The “Nasdaq” index rose by 1.7% (about 199 points) to 11512 points, and the highest level was recorded at 11516 points, and the lowest level was at 11314 points.
