US Stock Market: DJIA, S&P500, Nasdaq and Russell ended in green on Thursday

On Thursday, technology firms led a wide stock bounce on Wall Street, recovering most of the main indexes’ losses from the previous day and continuing the market’s recent run of erratic trading.

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The S&P 500 gained 1.4%, more than making up for the previous day’s decline. More than 85% of the equities on the benchmark index increased. The Dow Jones Industrial Average increased by 1%, while the Nasdaq Composite increased by 1.9%.

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The most recent increases lifted the S&P 500 out of the red for the week. The Nasdaq is likewise on track for a weekly gain, while the Dow is marginally lower for the week as the indexes swung between gains and losses in recent days.

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The S&P 500 rose 63.92 points to 4,520.16, while the Dow gained 349.44 points to 34,707.94. The Nasdaq climbed 269.23 to 14,191.84. Small-company stocks also rallied. The Russell 2000 rose 23.24 points, or 1.1%, to 2,075.44.

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Technology stocks accounted for the biggest share by far of the gains in the S&P 500, followed closely by communication companies. Many Big Tech companies have outsized values that tend to sway the broader market in either direction.

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Chipmaker Nvidia vaulted 9.8% for the biggest gain in the S&P 500. Facebook parent, Meta, rose 2.9%. Health care stocks also had some of the strongest gains. Insurers UnitedHealth Group rose 2% and Anthem gained 2.5%.

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Crude oil prices slipped Thursday after jumping a day earlier. U.S. benchmark crude oil fell 2.3% to settle at $112.34 per barrel. A barrel of Brent crude, the international standard, fell 2.1% to settle at $119.03. Overall, global oil prices are up more than 50% in 2022 on persistently rising inflation and concerns about crimped supplies because of Russia’s invasion of Ukraine.

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Bond yields have been rising overall as the market prepares for higher interest rates. The yield on the 10-year Treasury rose to 2.36% from 2.31% late Wednesday.