Stocks Rebound in Late Wall Street Rally

American stock markets experienced a late rally later in the day and ended higher on Thursday, with investors investing in stocks likely to perform well in the recovery, while acquiring shares in Apple (APPL) and Tesla (TSLA) in decline, in anticipation of the US economy growing at its fastest pace in decades this year.

The President of the United States, Joe Biden, mentioned as economic progress data from the Department of Labor that showed a decreasing number of Americans applying for unemployment benefits.

According to preliminary data, the Dow Jones (DJI) rose 0.62%, at 32,620.87 points, the S&P 500 (SPX) appreciated 0.53%, at 3,909.73 points, and the Nasdaq (US100) was up 0.12%, at 12,977.68 points.