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Dow, S&P 500 post 2014's biggest one-day percentage gain

Drop in applications for unemployment boost confidence in US economy

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Reuters New York

US stocks rose the most so far this year on Thursday after a drop in applications for unemployment insurance boosted confidence in the economy, and as Disney's results overshot expectations.

The Dow Jones industrial average rose 187.14 points or 1.21%, to 15,627.37, the S&P 500 gained 21.76 points or 1.24%, to 1,773.4 and the Nasdaq Composite added 45.57 points or 1.14%, to 4,057.122.

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First Published: Feb 07 2014 | 2:39 AM IST

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