Stock Market Extends Rebound

U.S. stocks jumped higher again Thursday, adding to the gains of a monster rally a day earlier in a see-saw week on Wall Street.

The Dow Jones industrial average closed up nearly 370 points. The broader Standards & Poor's 500 index and tech-heavy NASDAQ also ended the day rising more than 2 percent.  

The rally come on a day the Commerce Department announced that the U.S. economy had grown faster than initially thought, Reuters reported. Gross domestic product hit a 3.7 percent annual pace instead of the 2.3 percent rate reported last month. 

On Wednesday, the Dow climbed 619 points, its third-biggest point gain on record, and the S&P 500 posted its biggest percentage gain since 2011.

Contact Us