Stocks closed broadly higher on Wall Street Thursday as traders welcomed news that the Federal Reserve and other regulators are removing some limits on banks’ ability to make investments.
Technology and health care stocks also helped lift the market, outweighing losses in utilities. Bond yields fell. The gains reversed some of the S&P 500′s losses from a day earlier, when the market had its biggest drop in nearly two weeks.
The S&P 500 rose 33.43 points, or 1.1%, to 3,083.76.
The Dow Jones Industrial Average added 299.66 points, or 1.2%, to 25,745.60.
The Nasdaq composite gained 107.84 points, or 1.1%, to 10,017.
The Russell 2000 index of small company stocks climbed 23.57 points, or 1.7%, to 1,413.31.
For the week:
The S&P 500 is down 13.98 points, or 0.5%.
The Dow is down 125.86 points, or 0.5%.
The Nasdaq is up 70.88 points, or 0.7%
The Russell 2000 is down 5.32 points, or 0.4%.
For the year:
The S&P 500 is down 147.02 points, 4.6%.
The Dow is down 2,792.84 points, or 9.8%.
The Nasdaq is up 1,044.40 points, or 11.6%.
The Russell 2000 is down 255.15 points, or 15.3%.