The stock market shook off an early stumble and ended broadly higher Thursday, breaking a two-day slump that got October off to a miserable start.
Big technology companies and drug makers led the gains, while materials makers and banks pulled up the rear. A report showing that the U.S. services sector slowed to its lowest level in three years caused the market’s early slide.
The S&P 500 index rose 23.02 points, or 0.8%, to 2,910.63.
The Dow Jones Industrial Average gained 122.42 points, or 0.5%, to 26,201.04.
The Nasdaq climbed 87.02 points, or 1.1%, to 7,872.26.
The Russell 2000 index of small-company stocks picked up 6.72 points, or 0.5%, to 1,486.35.
For the week:
The S&P 500 is down 51.16 points, or 1.7%.
The Dow is down 619.21 points, or 2.3%.
The Nasdaq is down 67.36 points, or 0.9%.
The Russell 2000 is down 34.13 points, or 2.2%.
For the year:
The S&P 500 is up 403.78 points, or 16.1%.
The Dow is up 2,873.58 points, or 12.3%.
The Nasdaq is up 1,236.99 points, or 18.6%.
The Russell 2000 is up 137.79 points, or 10.2%.
The Associated Press