Several strong profit reports helped Wall Street claw back most of its sharp loss from the prior day.
The S&P 500 rose 1 percent Thursday and is back within 1 percent of its all-time high a day after its worst drop in nearly three months. The Dow Jones Industrial Average gained 0.9 percent, and the Nasdaq composite climbed 1.3 percent.
Micron Technology leaped to one of the market’s biggest gains after reporting stronger results than expected. Treasury yields were mixed following a suite of economic reports, including one showing the U.S. economy grew by less during the summer than earlier estimated.
On Thursday:
The S&P 500 rose 48.40 points, or 1 percent, to 4,746.75.
The Dow Jones Industrial Average rose 322.35 points, or 0.9 percent, to 37,404.35.
The Nasdaq composite rose 185.92 points, or 1.3 percent, to 14,963.87.
The Russell 2000 index of smaller companies rose 34.23 points, or 1.7 percent, to 2,017.06.
For the week:
The S&P 500 is up 27.56 points, or 0.6 percent.
The Dow is up 99.19 points, or 0.3 percent.
The Nasdaq is up 149.95 points, or 1 percent.
The Russell 2000 is up 31.94 points, or 1.6 percent.
For the year:
The S&P 500 is up 907.25 points, or 23.6 percent.
The Dow is up 4,257.10 points, or 12.8 percent.
The Nasdaq is up 4,497.38 points, or 43 percent.
The Russell 2000 is up 255.82 points, or 14.5 percent.
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