Wall Street bounced back to recoup almost all the losses it suffered earlier in the week.
The S&P 500 rose 0.9% following back-to-back drops that kicked off this holiday-shortened week. The Dow gained 0.5%, and the Nasdaq composite jumped 1.3%.
Big Tech stocks led the way, including Apple, which flipped its loss for the week so far into a gain. Chip companies were also strong after chip maker Taiwan Semiconductor gave a better-than-expected revenue forecast. Treasury yields were mixed and holding steadier after jumping earlier in the week. That eased the pressure on stocks.
On Thursday:
The S&P 500 rose 41.73 points, or 0.9%, to 4,780.94.
The Dow Jones Industrial Average rose 201.94 points, or 0.5%, to 37,468.61.
The Nasdaq composite rose 200.03 points, or 1.3%, to 15,055.65.
The Russell 2000 index of smaller companies rose 10.49 points, or 0.5%, to 1,923.65.
For the week:
The S&P 500 is down 2.89 points, or 0.1%.
The Dow is down 124.37 points, or 0.3%.
The Nasdaq is up 82.89 points, or 0.6%.
The Russell 2000 is down 27.31 points, or 1.4%.
For the year:
The S&P 500 is up 11.11 points, or 0.2%.
The Dow is down 220.93 points, or 0.6%.
The Nasdaq is up 44.30 points, or 0.3%.
The Russell 2000 is down 103.42 points, or 5.1%.
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