Dealers said many of the gains for the components were not linked to specific company news Thursday, but to buy programs activated after the Dow Jones Industrial Average soared on news of unexpectedly strong U.S. jobs data.
The stock market began the week on a euphoric note, with the Dow Jones industrial average soaring 300 points on Monday and rising modestly on Tuesday, in response to some good news about corporate earnings and the economy.
The Dow Jones industrial average soared nearly 500 points on Thursday, the most ever.
On Wednesday, as the Dow Jones industrial average soared by nearly 489 points, Genuity's shares plunged by 26percentto to $2.59, from Tuesday's close of $3.50.
When asked about recent downturns in the markets, O'Neill said the administration does not comment on market performance, but did tell reporters that he allowed himself to "smile" after the Dow Jones industrial average soared almost 500 points on Wednesday.
Shares on Wall Street turned negative Tuesday afternoon after the Dow Jones industrial average soared more than 200 points in morning trading after a decline in oil prices.
His average soared to.198.
The Dow Jones Industrial Average soared.
The Dow Jones industrial average soared more than 200 points in midafternoon trading, putting the index above the previous high, set on July 19.
A relieved stock market sent all the major market averages soaring on the news, with the Dow Jones Industrial Average rising 1.4% to 10,971 and the tech-rich Nasdaq Composite Index adding 1.7% to 2686.
