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Strong results from major companies including Microsoft and Visa helped U.S. stocks bust out of another losing streak Thursday. The rally wiped out part of the market’s plunge from the day before, but stocks are still down sharply over the past three weeks.
On Thursday:
The S&P 500 index climbed 49.47 points, or 1.9 per cent, to 2,705.57.
The Dow Jones Industrial Average rallied 401.13 points, or 1.6 per cent, to 24,984.55.
The Nasdaq soared 209.93 points, or 3 per cent, to 7,318.34.
The Russell 2000 index leaped 31.70 points, or 2.2 per cent, to 1,500.40.
For the week:
The S&P 500 is down 62.21 points, or 2.2 per cent.
The Dow is down 459.79 points, or 1.8 per cent.
The Nasdaq is down 130.69 points, or 1.8 per cent.
The Russell 2000 is down 41.65 points, or 2.7 per cent.
For the year:
The S&P 500 is up 31.96 points, or 1.2 per cent.
The Dow is up 265.33 points, or 1.1 per cent.
The Nasdaq is up 414.94 points, or 6 per cent.
The Russell 2000 is down 35.11 points, or 2.3 per cent.
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