US stocks rally the most since March as momentum builds
By DAMIAN J. TROISE and ALEX VEIGA
AP Business Writers
Stocks rallied on Wall Street Thursday as the market shook off several days of wobbly trading. The S&P 500 jumped 1.7%, its biggest gain since March. The wave of buying built on momentum from a day earlier, when the market broke a three-day losing streak. The Dow Jones Industrial Average rose 1.6%, while the Nasdaq rose 1.7%. Health care stocks did especially well, led by a 4.2% gain in UnitedHealth Group after the leading health insurer easily beat analysts’ earnings forecasts and raised its outlook. Apple and Microsoft each rose more than 2%. The yield on the 10-year Treasury fell to 1.52%.
