ARKETS ended yesterday with the largest advance in three weeks, as two days of steady oil prices along with doveish comments by a Federal Reserve member helped further to fuel a buying frenzy begun on Wednesday.
The Dow Jones Industrial Average jumped 323.35 points, or 1.8 per cent, to 17,907.87. The S&P 500 added 36.26 points, or 1.8 per cent, to 2,062.14, and the Nasdaq Composite jumped 85.72 points, or 1.8 per cent, to 4,736.19.
Biotechs were among the most active shares.
Bind Therapeutics shares surged 37.1 per cent to $7.06, a day after the company said it enrolled its first patient in a mid-stage trial for its lung cancer drug.
But deep discounter Family Dollar Stores fell 0.44 per cent to $78.51 after it announced its profit fell in the most recent quarter, missing analysts’ expectations.