S&P 500 hits 4th record high in September
US indices closed higher on Thursday as investors digested economic data that supported the Federal Reserve's efforts for a soft landing, with inflation slowing without an economic recession.
The Dow Jones Industrial Average rose 0.6%, or 260 points, to settle at 42,175 points.
The S&P 500 index leapt 0.4%, or 23 points, to 5,745 points, its fourth record high in September. The Nasdaq Composite Index was also up 0.6%, or 108 points, to 18,190 points.
As for European markets, the STOXX Europe 600 jumped 1.25% to 525.6 points.
The British FTSE index ticked higher 0.2% to 8,284 points, and the French CAC 40 index leapt 2.35% to 7,742 points. The German DAX index also jumped 1.7% to 19,238 points.
The Nikkei index soared 2.8% to 38,925 points, and the broader Topix index rocketed 2.65% to 2,721 points.
Brent crude futures for November delivery increased 2.55%, or $1.86, to $71.60 per barrel.
Meanwhile, WTI crude for November delivery declined 2.9%, or $2.02, at $67.67 per barrel.
Regarding gold, futures prices for December delivery were up 0.4%, or $10.2, to $2,694.9 per ounce.
US jobless claims reached a lower-than-expected level, which reflects the flexibility of the labor market. Meanwhile, the durable goods orders were almost unchanged in August. The final reading also reflected 3% economic growth in Q2.
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