Wall Street hesitated, then rallied on Thursday, lifted by better-than-expected profits from JPMorgan Chase and a drop in new US jobless claims that fuelled hopes for an economic rebound.
The Dow Jones Industrial Average climbed 94.46 points (1.18%) to 8 124.08 at the closing bell in a choppy session that saw swings between positive and negative territory.
The Nasdaq composite vaulted 43.64 points (2.68%) to 1 670.44 while the Standard & Poor's 500 broad-market index rose 12.92 points (1.52%) to a preliminary close of 864.98.
Market action came after US banking giant JPMorgan Chase announced a net profit of $2.1bn in the first quarter of 2009.
The figure was slightly down from 2008 figures for the same period, but was better than most market analysts had predicted and suggested a potential recovery in the troubled banking sector.
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