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U.S. Stocks Move Sharply Higher As Banking Industry Concerns Ease

Stocks recovered from early weakness and moved sharply higher over the course of the trading session on Thursday. The major averages all showed strong moves to the upside on the day, with the tech-heavy Nasdaq leading the advance.

While the Nasdaq spiked 283.22 points or 2.5 percent to 11,717.28, closing higher for the fourth straight session, the S&P 500 surged 68.35 points or 1.8 percent to 3,960.28 and the Dow jumped 371.98 points or 1.2 percent to 32,246.55.

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by RTTNews Staff Writer

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