U.S. stocks book best day in nearly 2 weeks as Dow snaps 3-day losing streak after big tech rally

U.S. stock indexes finished higher on Thursday, recovering losses from earlier this week as optimism on artificial intelligence drove technology shares higher despite rising uncertainty about whether the Federal Reserve will cut interest rates as quickly as market participants expect.

What happened

• The Dow Jones Industrial Average
  DJIA
  was up 0.5%, to finish around 37,468, according to preliminary data from FactSet.

• The S&P 500
  SPX
  rose 0.9%, to end near 4,780.

• The Nasdaq Composite
  COMP
  advanced nearly 1.4%, ending around 15,055.

On Wednesday, Dow industrials fell 94 points, or 0.3%, while the S&P 500 and Nasdaq Composite each shed 0.6%, according to FactSet data.