4/29, 10:00 PM (Source: TeleTrader)
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Wall Street closes higher on GDP growth results

United States major equity markets closed higher on Thursday, despite a turbulent trading session, during which indexes sank a little before turning to green again. Thursday marked the 100th day of President Joe Biden's administration in office and investors gained optimism on US gross domestic products (GDP) growth news. The economy is reported to have grown by 6.4% in the first fiscal quarter of 2021.

Markets have also been reacting to the busy earning season. Facebook was one of the best performers hitting a new record high following first-quarter financial results. Mastercard and Caterpillar, on the contrary, traded in the red zone after revealing worse than expected figures.

The Dow Jones closed with 0.71% in the green as Nike advanced by 1.95%, while the S&P 500 grew by 0.68% with DISH Network soaring by 8.32%. The Nasdaq 100 gained 0.49% led by Facebook jumping by 7.30%. The euro remained flat against the dollar, trading 0.02% above the flatline for $1.21283 at 3:59 pm ET.

Breaking the News / LH