Financial companies led stocks broadly higher on Wall Street on Thursday as traders welcomed news that the Federal Reserve and other regulators are removing some limits on the ability of banks to make investments.
The S&P 500 climbed 1.1% following a jumpy day of trading. At one point, the index was down 0.9% before the rally strengthened toward the end of the day. The gains reversed some of the S&P 500’s losses from a day earlier, when the market had its biggest drop in nearly two weeks.
Support authors and subscribe to content
This is premium stuff. Subscribe to read the entire article.