Dow Ends Day Up 369
Ending a wild day of trading
By Newser Editors and Wire Services
Posted Aug 27, 2015 3:22 PM CDT
Trader Joseph Lawler, right, works on the floor of the New York Stock Exchange Thursday, Aug. 27, 2015. U.S. stocks are opening higher after China's main stock index logged its biggest gain in eight weeks....   (Richard Drew)
camera-icon View 13 more images

(Newser) – US stocks are closing sharply higher after China's main stock index logged its biggest gain in eight weeks. A report also showed that the US economy expanded at a much faster pace than previously estimated. The Dow Jones industrial average climbed 369.26 points, or 2.3%, to 16,654.77 today. That took the two-day gain for the index to almost 1,000 points. The Standard & Poor's 500 index gained 47.15 points, or 2.4%, to 1,987.66. The Nasdaq composite gained 115.17 points, or 2.5%, to 4,812.71. Energy stocks surged as the price of oil jumped 10%. Bond prices were little changed from yesterday, keeping the yield on the benchmark 10-year Treasury note at 2.18%.