• The Dow Jones climbed more than one percent on Thursday.
• Investors have renewed their vigor after a brief pullback period.
• Markets shrug off decline in manufacturing surveys, bid up softer benefits claims.

The Dow Jones Industrial Average (DJIA) lurched higher on Thursday, climbing upwards of 550 points as investors stepped back into their bidding shoes. Weekly US Jobless Claims eased slightly on a weekly basis, while traders brushed off a contraction in the Philadelphia Fed Manufacturing Index. Markets also bid up an upswing in Existing Home Sales Change. Industrials and Financials are the strongest-performing sectors for the day.

US Initial Jobless Claims printed lower than expected on Thursday, showing 213K net new jobless benefits seekers for the week ended November 15, below the 220K expected and down from the previous revised weekly figure of 219K. Existing Home Sales Change also accelerated in October, rising to 3.4% after the previous month’s revised -1.3% contraction.

The Philadelphia Fed’s Manufacturing Survey for November threw up another warning sign, pulling back to -5.5 and falling sharply from the previous month’s 10.3 and tumbling past the median forecast of 8.0. The downside print in aggregated expectations did little to contain markets, which were determined to shake off near-term declines and push back toward record highs.