U.S. stocks climbed Thursday as Facebook led a rally by technology companies. Most of the market moved higher as interest rates declined from the four-year highs reached over the last few days.
The S&P 500 index jumped 27.54 points, or 1 percent, to 2,666.94.
The Dow Jones industrial average added 238.51 points, or 1 percent, to 24,322.34.
The Nasdaq composite advanced 114.94 points, or 1.6 percent, to 7,118.68.
The Russell 2000 index of smaller-company stocks added 7.43 points, or 0.5 percent, to 1,557.89.
For the week:
The S&P is down 3.20 points, or 0.1 percent.
The Dow is down 140.60 points, or 0.6 percent.
The Nasdaq is down 27.45 points, or 0.4 percent.
The Russell 2000 is down 6.23 points, or 0.4 percent.
For the year:
The S&P 500 is down 6.67 points, or 0.3 percent.
The Dow is down 396.88 points, or 1.6 percent.
The Nasdaq is up 215.29 points, or 3.1 percent.
The Russell 2000 is up 22.38 points, or 1.5 percent.