NEW YORK - U.S. stocks surged on Thursday, with major indexes up more than 1 percent in a broad rally, as strong results from industrial bellwethers reassured investors that corporations continue to fare well despite concerns about global economic growth.
Recent Business News
- Caterpillar Inc shares jumped more than 6 percent in premarket trading after the company reported a stronger-than-expected quarterly profit and boosted its 2014 profit outlook, citing strong demand for its products in North America.
- Several U.S. airlines reported strong third-quarter profits on Thursday, helped by falling fuel costs, with many topping Wall Street's earnings per share estimates.
That airbag recall just keeps getting scarier.