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U.S. Stocks Pull Back Off Best Levels But Hold On To Strong Gains


U.S. Stocks Pull Back Off Best Levels But Hold On To Strong Gains
WASHINGTON (dpa-AFX) - Following the sell-off seen in the previous session, stocks showed a strong move back to the upside in morning trading on Thursday. The major averages gave back ground in the afternoon but managed to remain firmly positive.
While selling pressure picked up going into the close, the major averages held on to notable gains. The Dow surged up 300.19 points or 1 percent to 30,603.36, the Nasdaq climbed 66.56 points or 0.5 percent to 13,337.16 and the S&P 500 jumped 36.61 points or 1 percent to 3,787.38.
The early rally on Wall Street comes as traders looked to pick up stocks at somewhat reduced levels following the steep drop seen on Wednesday. ....

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