Stocks rose on Wall Street after a blizzard of reports suggested the U.S. economy is still humming, though inflation may be too.
The S&P 500 climbed 0.8% Thursday. The Dow rose 331 points and the Nasdaq composite added 0.8%. Some of the strongest action was in the bond market, where Treasury yields swung up, down and back again following reports on U.S. retail sales, inflation and unemployment.
Chip designer Arm Holdings rallied in its public debut. European stocks rose on hopes that the European Central Bank’s rate hike on Thursday may be its last.