Stocks closed broadly higher on Wall Street Thursday as traders welcomed news that the Federal Reserve and other regulators are removing some limits on banks’ ability to make investments.
Technology and health care stocks also helped lift the market, outweighing losses in utilities. Bond yields fell. The gains reversed some of the S&P 500′s losses from a day earlier, when the market had its biggest drop in nearly two weeks.
The S&P 500 rose 33.43 points, or 1.1%, to 3,083.76.
The Dow Jones Industrial Average added 299.66 points, or 1.2%, to 25,745.60.