Market Wrap: Markets Rebound on Eased China Fears; P&G to Sell Beauty Assets; Jobless Claims Pop Higher - InvestingChannel

Market Wrap: Markets Rebound on Eased China Fears; P&G to Sell Beauty Assets; Jobless Claims Pop Higher

Market wrap for July 9th

End of the Day: S&P 500 up 4.6 to 2,051.31; Dow Jones up 33.2 to 17,548.62; Nasdaq up 12.6 to 4,922.40

Market Brief: U.S. markets started strong following a rough trading session Wednesday following stronger controls implemented in China to stem the recent downward spiral of selling in the market.

Initial unemployment claims saw a spike last week, rising 15,000 to 297,000 and far outpacing expectations for a drop.

The IMF cut its global growth outlook by 0.2 points to 3.3 percent with the latest World Economic Outlook.

Procter & Gamble and Coty finalized a deal