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U.S stocks closed higher Thursday, with big gains for the Nasdaq Composite allowing it to recoup all of its losses since President Donald Trump's "liberation day" tariffs were announced after the April 2 market close.
Stocks fell sharply after the extra tariffs were outlined, and then partially paused by Trump for 90 days, except for those on China. Talk of coming trade deals have helped stocks recover some of that ground, as have strong earnings from megacap tech companies.
The Dow Jones closed higher for an 8th straight day on Thursday, adding 83.60 points, or 0.2%, and ending at 40,752.96.
The S&P 500 added 35.08 points, or 0.6%, ending at 5,604.14, also climbing for an 8th consecutive session, and logging its biggest percentage gain over that stretch since the eight days ending Nov. 11, 2020, according to Dow Jones Market Data.
The Nasdaq gained 264.40 points, or 1.5%, ending at 17,710.74.
The Dow still had 3.5% to recover from the slide following April 2 tariffs, while the S&P 500 was off 1.2%, according to Dow Jones Market Data.
Up next, a big focus will be on April's jobs report released Friday morning.
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by Bloomberg, via RigZone.com|Weilun Soon, Rakesh Sharma, Reporting| At least four tankers discharged millions...
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