Stocks are surging. In morning trade on Thursday, the Dow was up 167 points, the S&P 500 was up 20 points, and the Nasdaq was up 56 points. The bounceback in stocks follows losses on Wednesday as each of the US stock indexes lost more than 1.5%. In morning trade on Thursday, oil was still falling, with WTI crude trading below $61 a barrel and touching as low as $60.09 at one point. Markets around the world were still volatile, with stocks in Greece selling off on Thursday and markets in Dubai crashing overnight. Thursday's stocks gains follow two bits of positive economic news this morning, as November retail sales and initial jobless claims data came in better than expected. Retail sales grew 0.7% month-on-month in November better than the 0.4% that was expected, while initial jobless claims fell to 294,000 last week. Join the conversation about this story »
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