Major stocks on Wall Street closed on Thursday above the flatline after recording a volatile session following the release of the report that revealed the US economy slumped by 0.9% in the second quarter, indicating the country may be facing an economic downturn. Meanwhile, investors received corporate earnings by Merck & Co. Inc., Pfizer, and Comcast, while awaiting quarterly revenue reports by Amazon.com Inc., Intel Corporation, and Apple Inc. after the closing bell. The Dow Jones Industrial Average surged by 329 points or 1.02%, as Nike Inc. jumped by 4.05%. The Nasdaq 100 and the S&P 500 closed the trading session gaining 0.93% and 1.21% respectively with Constellation Energy Corporation pulling both indexes up by 16.32%. The euro was down 0.08% against the dollar, to change hands for $1.01865 at 3.57 pm ET. NN: to rally stocks with the gretaest inflation and economic slowdown in decades is the height of insanity. Like a major fund manager told me. I get paid to buy stocks…. If they go up that is nice if they go down its sad….. But i buy no matter… as long as i get paid!