The Dow Jones Industrial Average was aiming to break a 10-day losing streak, its worst since 1974. The index was up over 300 points at the open after it shed 1,123 points in Wednesday's session. The S&P 500 and the Nasdaq also rebounded,

U.S. stocks looked set to pare back some of their losses on Thursday after Federal Reserve Chair Jerome Powell put a lump of coal in markets’ Christmas stocking by signaling that sticky inflation mean

Data showed the US economy grew faster than previously estimated in the third quarter, while weekly jobless claims fell more than expected last week.