Dow surges 250 points as Wall Street rebounds from earlier losses, JPMorgan up 4%

By Fred Imbert

Stocks rose on Thursday as gains bank shares and the oil market offset another dismal round of U.S. unemployment data.

The Dow Jones Industrial Average traded 250 points higher, or more than 1%, after falling more than 450 points earlier in the day. The S&P 500 climbed 0.6%. The Nasdaq Composite traded 0.2% higher. Both the S&P 500 and Nasdaq were down over 1% to start off the session. 

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