A report that U.S. exports hit a record in April sent stocks sharply higher Thursday as investors hoped the recovery may not be as sluggish as the last week of grim economic reports suggested.
The Dow Jones industrial average rose 75 points, or 0.6 percent, to close at 12,124. The S&P 500 index rose 9, or 0.7 percent, to 1,289. The Nasdaq composite rose 9, or 0.4 percent, to 2,685.
Thursday's gains broke a six-day losing streak. It was the first time stocks rose in June. Stocks had fallen because of poor reports on manufacturing, home sales, hiring and consumer confidence.
Two stocks rose for every one that fell on the New York Stock Exchange. Trading volume was 3.5 billion shares.