 "US Stock markets, Wall Street")
US stocks surged on Thursday as companies including Morgan Stanley and UnitedHealth gained following strong results, while data on the labor market and inflation soothed worries about the outlook for higher rates.
The technology sector gave the S&P 500 its biggest boost, with shares of Microsoft Corp and Apple Inc rising.
Shares of Citigroup, Bank of America Corp and Morgan Stanley rose after they topped quarterly earnings estimates. The rebounding economy allowed them to release more cash they had set aside for pandemic losses, while sizzling deals, equity financing and trading added to profits.
The S&P bank index jumped.
UnitedHealth Group Inc also climbed
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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