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

U.S. 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.

Reuters| Last Updated: Feb 07, 2014, 05:22 AM IST

New York: U.S. 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 percent, to 15,627.37, the S&P 500 gained 21.76 points or 1.24 percent, to 1,773.4 and the Nasdaq Composite added 45.57 points or 1.14 percent, to 4,057.122.