Key Takeaways
- Arm IPO Encouraging
- United Auto Workers Targeted Strikes Begin
- Oil Prices Push Higher
Major market indices closed higher on Thursday. A successful IPO by Arm Holdings helped spur investor enthusiasm sending both the S&P 500 and Nasdaq Composite higher by 0.8%. All eleven sectors in the S&P 500 were up on the day. This comes despite a strike by the United Auto Workers (UAW) and surging oil prices.
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