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AP National Business

Stocks rise on Wall Street after several days of whiplash

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Published 9:32 AM

By DAMIAN J. TROISE
AP Business Writer

Stocks rose in late morning trading on Wall Street Thursday as markets settle down following several days of whiplash moves. The S&P 500 index rose 1.2%, the Dow Jones Industrial Average rose 1.4% and the Nasdaq rose 1% Investors were encouraged to see strong figures for U.S. economic growth, which showed the biggest climb in GDP last year since 1984. Markets are still processing the latest indications from the Federal Reserve a day earlier that the central bank is increasingly concerned about inflation and plans to raise interest rates and take other steps soon to fight it.

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