NEW YORK: Wall Street stocks ended solidly higher on Thursday , winning back some of the prior session's losses with banking shares jumping on the easing of regulations imposed after the 2008 crisis.
The back and forth between Wednesday and Thursday could hearken a volatile period for stocks as investors contend with significant coronavirus case increases that have slowed the reopening of the economy in some states. But Wall Street investors have repeatedly bought into pullbacks in recent weeks in the wake of massive stimulus measures that have left markets flush with liquidity, and that trend held again on Thursday.Large banks enjoyed big gains, with JPMorgan Chase, Goldman Sachs and Bank of America all winning at least 3.5 per cent as bank regulators eased the Volcker rule, which was enacted in the wake of the 2008 financial crisis to limit speculative trading.