Stock Market News – Dow ends more than 430 points higher as stocks take back a chunk of Wednesday’s rout
Stocks bounced back Thursday to end sharply higher, taking back a chunk of the losses suffered in the previous session. The Dow Jones Industrial Average
rose around 433 points, or 1.3% to close near 34,021, according to preliminary figures. The S&P 500
advanced around 49 points, or 1.2%, to around 4,112, while the Nasdaq Composite
gained around 93 points, or 0.7%, to finish near 13,125. Stocks tumbled on Wednesday after a hotter-than-expected April rise in the consumer-price index. Rate-sensitive tech and growth stocks led the early rebound for equities as Treasury yields pulled back, but more cyclically sensitive sectors moved into the lead, with financials and industrials, both up 1.9%, the top gainers among S&P 500 sectors.