Stock market news live updates: Stocks rise as bevy of economic data, corporate news roll in

U.S. stocks rose in back-and-forth trading Thursday as a flurry of corporate headlines held investor attention over any moves from the major averages.

The benchmark S&P 500 climbed 0.2%, while the Dow Jones Industrial Average added roughly 90 points, or about 0.3%. The technology-heavy Nasdaq Composite ticked up 0.1%. The moves come after a modest rebound on Wednesday from the stock market’s worst day since June 2020.

On the corporate side, “buy now, pay later” companies were closely-watched amid news the U.S. Consumer Financial Protection Bureau (CFPB) will start regulating the delayed payment industry over concerns their offerings financially harm consumers. Shares of Affirm (AFRM), a leader in the space, fell more than 3%.

Elsewhere, Adobe (ADBE) announced plans for a $20 billion acquisition of online design startup Figma in order to expand its lineup of hybrid-work-friendly platforms. Shares of Adobe tanked more than 13%.

In economic data, initial jobless claims fell for a…

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This article was written by and originally published on finance.yahoo.com