U.S. stocks surged on Thursday after strong reports on housing starts and unemployment claims made investors more optimistic about the U.S. economy.

The Dow Jones industrial average rose 84.79 points, or 0.8 percent, to 13,596.02.

The Standard & Poor's 500 rose 8.31 points, or 0.6 percent, to 1,480.94.

The Nasdaq composite index rose 18.46 points, or 0.6 percent, to 3,136.

For the week:

The Dow is up 107.59 points, or 0.8 percent.

The S&P 500 is up 8.89 points, or 0.6 percent.

The Nasdaq is up 10.37 points, or 0.3 percent.

For the year:

The Dow is up 491.88 points, or 3.8 percent.

The S&P 500 is up 54.75, or 3.8 percent.

The Nasdaq is up 116.49, or 3.9 percent.


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