US stocks finish higher after volatile session as S&P 500 breaks out of slump

Thu, 02/23/2023 - 16:05

A big screen display of stock prices hangs behind traders working at the New York Stock Exchange NYSE. — A big screen display of stock prices hangs behind traders working at the New York Stock Exchange NYSE on May 9, 2022.
Michael Nagle/Xinhua via Getty Images

US stocks closed higher on Thursday after a choppy trading session.
Major indexes swung between gains and losses throughout the trading day.
The S&P 500 broke a four-day losing streak to end the day with a moderate gain.

US stocks closed higher on Thursday, with the S&P 500 breaking a streak of four consecutive losses.

Markets swung between gains and losses, following a big sell-off earlier in the week. The release of minutes on Wednesday from the latest FOMC meeting suggested the Federal Reserve could keep rates higher for longer.