A bit of good news was all it took to break a weeklong slump in the stock market. A report that U.S. exports hit a record in April sent stocks sharply higher Thursday as investors hoped the economic recovery may not be as sluggish as the last week of grim economic reports have suggested.
Thursday's gains broke a six-day losing streak and marked the first time stocks rose in June.
The Dow Jones industrial average rose 75.42 points, or 0.6 percent, to close at 12,124.36.
The Standard & Poor's 500 index rose 9.44, or 0.7 percent, to 1,289.00.
The Nasdaq composite rose 9.49, or 0.4 percent, to 2,684.87.
For the week:
The Dow is down 26.90, or 0.2 percent.
The S&P is down 11.16, or 0.9 percent.
The Nasdaq is down 47.91, or 1.8 percent.
For the year to date:
The Dow is up 546.85, or 4.7 percent.
The S&P is up 31.36, or 2.5 percent.
The Nasdaq is up 32.00, or 1.2 percent.