1. U.S. stocks rose sharply on Thursday, a day after posting their biggest one-day gain in four years, as data showed the U.S. economy grew faster in the second quarter than initially thought.
2. The U.S. economy grew faster than initially thought in the second quarter on solid domestic demand, showing fairly strong momentum that could still allow the Federal Reserve to hike interest rates this year.
3. The number of Americans filing new applications for unemployment benefits fell more than expected last week, pointing to a steadily firming labor market.
Initial claims for state unemployment benefits slipped 6,000 to a seasonally adjusted 271,000 for the week ended Aug. 22, the Labor Department said on Thursday
4. The dollar extended gains against against the other major currencies on Thursday, after data showed that the U.S. economy grew more than initially estimated in the second quarter, boosting optimism over the health of the economy.
5. Crude oil futures rallied sharply on Thursday, as appetite for riskier assets improved amid a global stock market rally.
Crude oil for delivery in October on the New York Mercantile Exchange surged $1.46, or 3.78%, to trade at $40.06 a barrel during U.S. morning hours.
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