US stocks end higher as beaten banking shares gain

After two straight routs, Wall Street stocks finished higher Thursday as beaten-down banking shares rallied despite another spike in jobless claims. Stocks opened lower, but reversed course at midday and kept rising, with the Dow Jones Industrial Average finishing at 23,625.34, up 1.6 percent or around 375 points. The broad-based S&P 500 gained 1.2 percent to 2,852.50, while the tech-rich Nasdaq Composite Index advanced 0.9 percent to 8,943.72.

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