The Dow Jones Industrial Average late-day Thursday was trading higher, putting the index on track for its biggest comeback in about 8 weeks amid the COVID-19 pandemic. The Dow DJIA, +0.90% was up 244 points, or 1.1%, at 23,486, following a skid that saw it lose as many as 458 points at its intraday nadir at 22,789.62, or down nearly 2%. If the benchmark manages to end higher for the day it will mark the biggest intrasession rebound since March 19, according to Dow Jones Market Data.
Gains were being driven by an nearly 7% advance in American Express Co. AXP, +6.69% and a 4.4% gain in shares of UnitedHealth Group Inc. UNH, +4.39%, which were helping to lead the charge. The S&P 500 index SPX, +0.40% was up 0.4% at 2,832, powered by a gain in the financials sector XLF, +1.91%, a rally in materials names XLB, +0.52% and health care XLV, +0.69%. The technology-laden Nasdaq Composite Index COMP, +0.08% was trading at around unchanged at 8,870, but well off its lows at 8,705.
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