Stock Markets Bounce Back; Uber, Lyft Get a Last-Minute Reprieve

The economy continues to show signs of weakness. Jobless claims climbed back above the 1 million mark this week, reversing a downward trend and reminding investors that millions of people are still on the ropes financially. Yet the stock market just kept ignoring those signs of trouble. After a late-day drop Wednesday afternoon, markets rebounded, with the Nasdaq leading the way higher. Gains for the Dow Jones Industrial Average (DJINDICES: ^DJI) and S&P 500 (SNPINDEX: ^GSPC) were more modest but still notable.

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Source Fool.com