NEW YORK, N.Y. – Stocks soared on the last trading day of January, with Microsoft, Visa and other tech stocks making biggest gains during the widespread buying.
The Dow Jones industrial average climbed 396.66 points, or 2.5 per cent, to 16,466.30.
The Standard & Poor’s 500 index rose 46.88 points, or 2.5 per cent, to 1,940.24.
The Nasdaq composite index jumped 107.28 points, or 2.4 per cent, to 4,613.95.
For the week:
The Dow rose 372.79 points, or 2.3 per cent.
The S&P 500 gained 33.34 points, or 1.8 per cent.
The Nasdaq added 22.77 points, or 0.5 per cent.
For the year:
The Dow is down 958.73 points, or 5.5 per cent.
The S&P 500 is down 103.70 points, or 5.1 per cent.
The Nasdaq is down 393.46 points, or 7.9 per cent.