US stock indexes jump for a second day, erasing 2015 losses; Dow up 323
By The Associated Press
Posted 4:20PM on Thursday, January 8, 2015
NEW YORK (AP) -- The stock market is bouncing back from a tough start to the year.<br />
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Investors sent shares sharply higher for a second straight day Thursday, erasing losses from the first few days of 2015.<br />
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The gains were driven by a combination of positive economic news from the U.S. and hopes for economic stimulus in Europe. The price of oil has also been stabilizing after six months of heavy losses.<br />
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The Dow Jones industrial average jumped 323 points, or 1.8 percent, to 17,907.<br />
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The Standard & Poor's 500 increased 36 points, also 1.8 percent, to 2,062. The Nasdaq rose 85 points, or 1.8 percent, to 4,736.<br />
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Beverage maker Constellation Brands climbed 5 percent after raising its profit outlook.<br />
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Bond prices fell. The yield on the 10-year Treasury note rose to 2.01 percent.
