Another surge in U.S. stocks Thursday, on the heels of a four-week rally, turned the Dow Jones industrial average positive for the year and wiped out its losses from a terrible start to 2016.
The Dow Jones rose 155.73 points, or 0.9 percent, to 17,481.49. It’s now up 0.3 percent for the year, the first time it has been in the black for 2016. The Standard & Poor’s 500 index gained 13.37 points, or 0.7 percent, to 2,040.59.
The Nasdaq composite rose 11.01 points, or 0.2 percent, to 4,774.99, but remains down close to 5 percent this year.