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US stock indexes jump for a second day, erasing 2015 losses
Associated Press
NEW YORK
(AP) — The stock market is bouncing back from a tough start to the year.
Investors sent shares sharply higher for a second straight day Thursday, erasing losses from the first few days of 2015.
The gains were driven by a combination of positive economic news from the U.S. and hopes for economic stimulus in Europe . The price of oil has also been stabilizing after six months of heavy losses.
The Dow Jones industrial average jumped 323 points, or 1.8 percent, to 17,907.
The Standard & Poor's 500 increased 36 points, also 1.8 percent, to 2,062. The Nasdaq rose 85 points, or 1.8 percent, to 4,736.
Beverage maker Constellation Brands climbed 5 percent after raising its profit outlook.
Bond prices fell. The yield on the 10-year Treasury note rose to 2.01 percent.
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Investors sent shares sharply higher for a second straight day Thursday, erasing losses from the first few days of 2015.
The gains were driven by a combination of positive economic news from the U.S. and hopes for economic stimulus in Europe . The price of oil has also been stabilizing after six months of heavy losses.
The Dow Jones industrial average jumped 323 points, or 1.8 percent, to 17,907.
The Standard & Poor's 500 increased 36 points, also 1.8 percent, to 2,062. The Nasdaq rose 85 points, or 1.8 percent, to 4,736.
Beverage maker Constellation Brands climbed 5 percent after raising its profit outlook.
Bond prices fell. The yield on the 10-year Treasury note rose to 2.01 percent.
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