Stocks rise on Wall Street

Climb breaks four-day losing streak, longest since December

NEW YORK — Stocks climbed Thursday after a seesaw day on Wall Street to break out of their longest losing streak since December.

The S&P 500 rose 0.5 percent for its first gain in five days. The Dow Jones Industrial Average gained 108 points, or 0.3 percent, while the Nasdaq composite added 0.7 percent.

Tech stocks helped lead the way after Nvidia reported better results for the latest quarter than expected. Its shares jumped 14 percent after it also gave a forecast for upcoming revenue that topped some analysts’ expectations. It cited recovering strength in video gaming and demand for artificial intelligence products.

It’s a turnaround for tech and high-growth stocks, which have struggled recently because of worries about rising interest rates. They’re seen as some of the most vulnerable as the Federal Reserve jacks rates higher in hopes of stamping out inflation.

High rates hurt prices for investments, particularly those seen as the riskiest, most expensive or whose big growth is furthest out in the future. They also raise the risk of a recession because they slow the economy.

After leaping in January, stocks broadly have slammed into a wall this month on worries that inflation isn’t cooling as quickly or as smoothly as hoped. A lengthening list of reports have shown the economy is in stronger shape than expected.

While that’s raised hopes about avoiding a recession in the near term, it’s also forced Wall Street to raise its forecasts for how high the Fed will take interest rates and then how long it will keep them there.

The latest economic data released Thursday also suggested an economy with enough

Currently, they say twothirds of their business comes from brick-and-mortar stores.

Much of their business comes from sunglasses and what they view as cuttingedge-style prescription frames.

The company’s stock has

struggled lately, however, amid worries about a recession and profitability.

On Thursday their stock, traded on the New York Stock Exchange, was trading at $13.40 per share, down from a 52-week high of $36.57.

The company has a Buy a Pair, Get a Pair program. It gives a pair of eyeglasses to someone in need for every pair

sold.

This will be the second eyeglass retailer/optician in Stuyvesant Plaza, as Dinapoli opticians is also a tenant.

The new store will be located in Suite 23A, next to Josie’s Table.