Stocks closed higher on Wall Street on Thursday as hope remains that Washington can approve more aid for the economy and after a report suggested the pace of layoffs is slowing a bit, though it remains incredibly high.
Banks, technology and communication companies accounted for much of the broad gains. Energy stocks notched the biggest gain.
The latest gains came a day after President Donald Trump apparently backtracked on his decision to halt talks on more aid for the economy. He said Thursday morning that “very productive” talks have begun.
• The S&P 500 index rose 27.38 points, or 0.8%, to 3,446.83.
• The Dow Jones Industrial Average gained 122.05 points, or 0.4%, to 28,425.51.
• The Nasdaq composite picked up 56.38 points, or 0.5%, to 11,420.98.
• The Russell 2000 index of small company stocks climbed 17.51 points, or 1.1%, to 1,628.55.
For the week:
• The S&P 500 is up 98.39 points, or 2.9%.
• The Dow is up 742.70 points, or 2.7%.
• The Nasdaq is up 345.96 points, or 3.1%.
• The Russell 2000 is up 89.25 points, or 5.8%.