The US recovers from losses, and the Dow surges above $500
On Thursday, Wall Street stocks recovered from yesterday's decline, and the Dow Jones Industrial Average rose more than 500 points.
At 12:23 p.m. (US Eastern Time), the Dow Jones Industrial Average rose 1.30% (518 points).
International Business Machines led the rise by 6.01% in response to strong second-quarter financial results.
The S&P 500 stock price index rose 0.90%, and the Nasdaq 100 stock price index rose 0.71% (133 points), recovering from the worst session since 2022.
American Airlines, RTX Corporation, and Unilever Plc rose more than 6%, contributing to a bright market sentiment.
The euro rose 0.21% against the dollar and traded at 1.08645 at 12:24 (US Eastern Time).
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