Stocks showed a strong move to the upside over the course of the trading day on Thursday after showing a lack of direction earlier in the session. The Nasdaq jumped to a new record closing high, while the S&P 500 and the Dow ended the day at their best closing levels in five and two months, respectively.
The major averages moved roughly sideways going into the close, hovering firmly in positive territory. The Nasdaq surged up 109.67 points or 1 percent to 11,108.07, the Dow advanced 185.46 points or 0.7 percent to 27,386.98 and the S&P 500 climbed 21.39 points or 0.6 percent to 3,349.16.
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