Dow jumps 683 points, S&P and Nasdaq roar higher as recession fears ease

U.S. stocks rallied Thursday after a fresh read on jobless claims eased investor concerns about a looming recession and fueled what’s been a wild week for financial markets.   

The Nasdaq Composite, which recently fell into correction territory, rose nearly 3%, helped by Nvidia, Intel and Palantir shares. The tech-heavy index is still below its all-time high of 18,647 reached in July. 

The S&P 500, the broadest measure of the stock market, rose over 2% in its best session since February.