U.S. stocks closed solidly higher on Thursday, with major indexes advancing in a broad rally that was led by the technology sector, which enjoyed its best session in more than a month.
Hopes that geopolitical tensions surrounding trade policy were easing also supported the market. The centrality of this issue to the economy was underlined after minutes from the Federal Reserve’s most recent gathering acknowledged intensifying risks from trade policies emanating from the Trump administration.
The Dow Jones Industrial Average gained 181.92 points, or 0.8%, to 24,356.74. The S&P 500 added 23.39 points to 2,736.61, a gain of 0.9%. The Nasdaq Composite Index rose 83.75 points, or 1.2%, to 7,586.43.