Afternoon Markets: Dow jumps 2% on economic optimism

Scott Sinclair
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The Dow Jones posted triple-digit gains in early trading on Thursday after positive economic data at home and abroad boosted sentiment.

An hour after opening, the index had advanced more than 215 points, or 2.18%, to 10,114.56, with every stock in the black. A flurry of economic data boosted optimism across the globe, with London's FTSE reversing earlier losses to gain 46 points, or 0.92%, to 5,133.77. In the US, data revealed the nation recorded a $40.3bn trade deficit last month, slightly narrower than the $41bn economists had projected. Elsewhere, officials said jobless claims fell 3,000 to 456,000 last week. Meanwhile, a report showed China's exports jumped almost 50% in May from a year earlier, the biggest gai...

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