U.S. stock indexes muscled higher following a shaky day of trading.
The S&P 500 rose 0.3% Thursday after erasing an early-morning loss and pulled closer to its all-time high set last week. The Dow Jones Industrial Average jumped 1.1%, and the Nasdaq composite added 0.1%.
Markets had been shaky in the morning, when worries about the strength of the AI boom sent stock indexes tumbling across Asia. But AI stocks pared their losses as the day progressed, while strong profit reports from U.S. companies helped lift other stocks.
On Thursday:
The S&P 500 rose 25.12 points, or 0.3%, to 7,744.06.
The Dow Jones Industrial Average rose 556.21 points, or 1.1%, to 52,177.69.
The Nasdaq composite rose 20.16 points, or 0.1%, to 26,713.03.
The Russell 2000 index of smaller companies rose 37.74 points, or 1.4%, to 2,767.27.
For the week:
The S&P 500 is down 67.48 points, or 0.9%.
The Dow is up 522.74 points, or 1%.
The Nasdaq is down 653.14 points, or 2.4%.
The Russell 2000 is down 39.71 points, or 1.4%.
For the year:
The S&P 500 is up 898.56 points, or 13.1%.
The Dow is up 4,114.40 points, or 8.6%.
The Nasdaq is up 3,471.04 points, or 14.9%.
The Russell 2000 is up 285.36 points, or 11.5%.
