How the major stock indexes fared Thursday

AP News
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Posted: Mar 03, 2011 5:06 PM
How the major stock indexes fared Thursday

Stocks rose sharply on Thursday after an unexpected drop in new applications for unemployment benefits and strong retail sales. The Dow Jones industrial average had its biggest gain since Dec. 1 but is still below where it was trading on Feb. 18, before a three-day plunge caused by a surge in oil prices as the unrest in Libya deepened.

The Dow Jones industrial average rose 191.40 points, or 1.6 percent, to 12,258.20.

The Standard & Poor's 500 index rose 22.53, or 1.7 percent, to 1,330.97.

The Nasdaq composite index rose 50.67, or 1.8 percent, to 2,798.74.

For the week to date:

The Dow is up 127.75, or 1.1 percent.

The Standard & Poor's 500 index is up 11.09, or 0.8 percent.

The Nasdaq composite is up 17.69, or 0.6 percent.

For the year to date:

The Dow is up 680.69, or 5.9 percent.

The S&P is up 73.33 or 5.8 percent.

The Nasdaq is up 145.87, or 5.5 percent.