Stocks opened with solid gains Thursday, rising for the second straight day after a brutal selloff of technology shares.
The Dow Jones Industrial Average was up more than 150 points shortly after 10:30 a.m. Thursday, rising 0.6 percent. The Nasdaq composite was up nearly 1.3 percent and the S&P 500 had gained 0.6 percent in that time.
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The market is on track to recover much of its losses from a three-day slump that cost the Nasdaq 10 percent and brought the S&P 500 back below its pre-pandemic levels after setting a record high. The market bounced back swiftly Wednesday as the Dow, S&P 500 and Nasdaq closed with gains of 1.6 percent, 2 percent and 2.7 percent, respectively.