NEW YORK (AP) — Stocks soared on the last trading day of January, with Microsoft, Visa and other tech stocks making biggest gains during the widespread buying.
The Dow Jones industrial average climbed 396.66 points, or 2.5 percent, to 16,466.30.
The Standard & Poor's 500 index rose 46.88 points, or 2.5 percent, to 1,940.24.
The Nasdaq composite index jumped 107.28 points, or 2.4 percent, to 4,613.95.
For the week:
The Dow rose 372.79 points, or 2.3 percent.
The S&P 500 gained 33.34 points, or 1.8 percent.
The Nasdaq added 22.77 points, or 0.5 percent.
For the year:
The Dow is down 958.73 points, or 5.5 percent.
The S&P 500 is down 103.70 points, or 5.1 percent.
The Nasdaq is down 393.46 points, or 7.9 percent.