The economic rollercoaster is at the top of it’s peak as U.S. equities closed higher Thursday after the Bank of England hinted at looser monetary policy next month and as earnings season kicked into full gear. The Dow Jones industrial average closed 134.2 points higher, with Goldman Sachs, IBM and Apple contributing the most gains. Earlier, the blue-chips index rose more than 160 points.
The S&P 500 closed 0.5 percent higher and hit a fresh intraday high, led by financials. The Nasdaq composite closed approximately 0.6 percent higher, as Apple shares gained more than 3.5 percent. “Clearly, you’re getting a positive stimulus from [the BOE and earnings],” said Randy Frederick, managing director of trading and derivatives at Charles Schwab. “The market always tends to move ahead of these thing, and that’s why I think you’ve seen the move higher over the past couple of days.” FULL REPORT