The U.S. stock market rose sharply Thursday, notching a second consecutive day of gains as investors remained upbeat that trouble with property giant China Evergrande Group can be contained.
The S&P 500 gained 1.2% in 4 p.m. trading, a day after a Federal Reserve policy update sent the stocks gauge to its . The Dow Jones Industrial Average was up 1.5%, or more than 500 points. The technology-focused Nasdaq Composite Index added 1%. All three indexes are now up for the week.
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