US stocks end sharply higher after Chinese market surges
US stocks have closed sharply higher after China’s main stock index logged its biggest gain in eight weeks.
A report also showed that the US economy expanded at a much faster pace than previously estimated.
The Dow Jones industrial average climbed 369.26 points, or 2.3%, to 16,654.77. That took the two-day gain for the index to almost 1,000 points.
The Standard & Poor’s 500 index gained 47.15 points, or 2.4%, to 1,987.66. The Nasdaq composite gained 115.17 points, or 2.5%, to 4,812.71.
Energy stocks surged as the price of oil jumped 10%.
Bond prices were little changed from Wednesday, keeping the yield on the benchmark 10-year Treasury note at 2.18%.
