Market up 3 percent on bargain hunting and lower oil
Stocks rose sharply in volatile trade on Thursday, as investors snapped up beaten-down shares a day after Wall Street's worst day since the 1987 stock market crash, and consumer companies gained as the price of oil slid, reports Reuters.
The Dow Jones industrial average was up 261.09 points, or 3.04 percent, at 8,839.00. The Standard & Poor's 500 Index was up 23.55 points, or 2.59 percent, at 931.39. The Nasdaq Composite Index was up 60.74 points, or 3.73 percent, at 1,689.07.