Investors took a chance on some beaten-down shares on Thursday, helping the U.S. stock market to its first gain in four days. The gain was modest, but broad, with eight of the 10 industry sectors of the Standard and Poor’s 500 index ending higher.
The Dow Jones industrial average climbed 82.45 points, or 0.5 per cent, to 17,574.75.
The S&P 500 index rose 4.61 points, or 0.2 per cent, to 2,052.23.
The Nasdaq composite increased 22.31 points, or 0.4 per cent, to 5,045.17.
For the week:
The Dow fell 272.88 points, or 1.5 per cent.
The S&P 500 fell 39.46 points, or 1.9 per cent.
The Nasdaq dropped 97.10 points, or 1.9 per cent.
For the year:
The Dow is down 248.32 points, or 1.4 per cent.
The S&P is down 6.67 points, or 0.3 per cent.
The Nasdaq is up 309.12 points, or 6.5 per cent.