- by cnn
- 15 Aug 2024
Wall Street enjoyed its best day of trading in nearly two years, recovering most of the losses it suffered during a sell-off sparked by US economic fears earlier this week.
The S&P 500 rose 2.3% to 5,319.32, its biggest single-day jump since November 2022. The Dow Jones industrial average rose 1.8% to 39,446.49. The technology-focused Nasdaq Composite rose 2.9% to 16,660.02.
While the American workforce has remained unexpectedly resilient in recent years, adding an average of 215,000 jobs each month over the past year, economic anxiety looms large. In July, 114,000 jobs were added.
Now inflation is falling back, Fed officials are preparing to cut rates. Critics have accused them of waiting too long. They are next due to convene in September.
A Delta Air Lines flight bound for New York City from Las Vegas made an emergency landing shortly after takeoff on October 29, 2024, due to fumes in the cockpit. Flight DL2133, originating from Harry Reid International Airport (LAS) in Las Vegas and destined for LaGuardia Airport (LGA) in New York, reported an issue within minutes of departure, leading the crew to declare an emergency and return to the Las Vegas airport for a safe landing.
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