Dow soars 300 points as day-trader restrictions soothe market nerves

Dow soars 300 points as day-trader restrictions soothe market nerves
mfox@businessinsider.com (Matthew Fox)
© Reuters / Brendan McDermid
Reuters / Brendan McDermid
US stocks gained on Thursday as several brokerage firms placed trading restrictions on a handful of volatile stocks popular with Reddit traders.
Weekly jobless claims fell to a three-week low, suggesting a recovery in the labor market is underway.
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US stocks moved higher on Thursday as several brokerage firms placed trading restrictions on a handful of volatile stocks popular with Reddit traders.
Robinhood, Interactive Brokers, and Webull restricted its users from buying volatile stocks that have been in a short squeeze fueled by traders on Reddit's Wall Street Bets forum.

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