• BREAKING NEWS SJPD search prompts shelter-in-place of schools
  • BREAKING NEWS Track the rain with Live Doppler 7 HD radar

Dow soars 400 points, led by rally in tech sector

The Dow Jones industrial average had its biggest day in three years, soaring more than 400 points as the stock market extended a rally into a second day.

The Dow closed up 421 points, or 2.4 percent, to 17,778 Thursday, its largest gain since December 2011.

The Standard & Poor's 500 gained 48 points, or 2.4 percent, to 2,061. The Nasdaq composite climbed 104 points, or 2.2 percent, to 4,748.

The market built on its surge from the day before, when the Federal Reserve indicated it was in no rush to raise interest rates.

Oracle led a rally in technology shares after the business software maker reported earnings that were better than expected.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.21 percent.
Related Topics:
business wall street stocks business earnings u.s. & world money financial markets energy bonds federal reserve oil oracle technology New York
(Copyright ©2014 by The Associated Press. All Rights Reserved.)
Load Comments