U.S. financial markets closed sharply higher Thursday as investors welcomed encouraging news on corporate earnings and the job market.
The rally ended a two-day losing streak for the major market indexes. Oil prices ended slightly higher.
The Dow Jones industrial average rose 225.48 points, or 1.3 per cent, to 17,416.85.
The Standard & Poor’s 500 index climbed 19.09 points, or 1 per cent, to 2,021.25.
The Nasdaq composite gained 45.41 points, or 1 per cent, to 4,683.41.
For the week:
The Dow is down 255.75 points, or 1.5 per cent.
The S&P 500 index is down 30.57 points, or 1.5 per cent.
The Nasdaq is down 74.47 points, or 1.6 per cent.
For the year:
The Dow is down 406.22 points, or 2.3 per cent.
The S&P 500 index is down 37.65 points, or 1.8 per cent.
The Nasdaq is down 52.65 points, or 1.1 per cent.