Stocks rebound on Microsoft boost

Thomson Reuters
Updated

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 rose 400.93 points, or 1.63 percent, to 24,984.35, the S&P 500 gained 49.5 points, or 1.86 percent, to 2,705.6 and the Nasdaq Composite added 209.94 points, or 2.95 percent, to 7,318.34.

(Reporting by Chuck Mikolajczak; Editing by Tom Brown)

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