Stocks showed a lack of direction early in the session on Friday but moved notably higher over the course of the trading day. The major averages all showed strong moves to the upside following the substantial downturn seen during Thursday's session.
The major averages pulled back well off their best levels going into the end of the day but remained firmly positive. The Dow surged 493.15 points or 1.1 percent to 46,245.41, the Nasdaq advanced 195.03 points or 0.9 percent to 22,273.08 and the S&P 500 jumped 64.23 points or 1.0 percent to 6,602.99.
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