Yahoo Finance Video
Stocks jumped Thursday to reach record levels as traders eyed a much stronger than expected print on consumer spending and a sharp improvement in the number of new jobless claims. The Dow gained more than 200 points, or about 0.7%, to reach a record intraday high and break above the 34,000 level. The S&P 500 and Nasdaq also rose to reverse declines from a day earlier, with tech stocks leading the Nasdaq higher by more than 1%. Shares of Coinbase, the largest cryptocurrency exchange in the U.S., jumped after closing below its opening trade price in a volatile first day on the public markets. BMO Global Asset Management senior investment strategist Jon Adams and Director of Portfolio Strategy at Verdence Capital Advisors Megan Horneman joined Yahoo Finance Live to discuss.