U.S. stocks rebound on Microsoft boost


U.S. stocks rebound on Microsoft boost

NEW YORK (Reuters) – U.S. stocks jumped on Thursday, giving the Nasdaq its biggest daily percentage gain since March, as Microsoft's upbeat earnings spurred a rebound in technology names and investors snapped up oversold shares.

The Dow Jones Industrial Average (DJI) rose 400.93 points, or 1.63 percent, to 24,984.35, the S&P 500 (SPX) gained 49.5 points, or 1.86 percent, to 2,705.6 and the Nasdaq Composite (IXIC) added 209.94 points, or 2.95 percent, to 7,318.34.

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