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Dow gains 383 points, ends at highest level in two months

Clyde Edgerton by Clyde Edgerton
April 13, 2023
in Markets
Dow gains 383 points, ends at highest level in two months
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U.S. stocks closed sharply higher on Thursday, with the Dow finishing at its highest level in about two months, a day before a flurry of banks are due to report quarterly earnings. The Dow Jones Industrial Average DJIA rose about 383 points, or 1.1%, ending near 34,030, its highest close since Feb. 14, according to FactSet data. The S&P 500 index SPX jumped 1.3% and the Nasdaq Composite Index finished up 2%. There were more signs of easing inflation pressures on Thursday, reinforcing the downward trend seen earlier in the week with a cooling consumer-price index for March. Investors have been hoping the Federal Reserve…



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