The Dow Jones Industrial Average rose 7.5% Thursday as investors took a second look at the Fed’s recent rate hike and signaled optimism that a stimulus package will be forthcoming.
The Dow is down 2% since the start of the year, and has lost nearly 6% since early August.
The S&P 500 rose 3.5%, with the Nasdaq and tech stocks down 3.1%.
Dow and S&P both closed down about 1% Thursday.
The Federal Reserve raised its key interest rate by a quarter point in December to a record low.
President Donald Trump has been pressuring the central bank to cut rates, which are expected to be at their lowest in decades.
A Trump administration effort to ease the economy has raised expectations of a new round of stimulus, but the central banker has so far been reluctant to do anything to help the economy.
WSJ’s David Shribman and David Wessel report.
WSj’s Jim Tankersley explains why Trump may have trouble pushing for stimulus.
WSN’s Scott Kacsmar explains how Trump is trying to build a new consensus among Republicans.
WSG’s Matt Miller reports on the economic outlook for the rest of 2017.
The Dow Jones also rose 3% in midday trading, after touching a record high of 19,836 on Aug. 1.
The index is down roughly 14% since then, after hitting a record on March 8, 2016.
The stock is down about 10% since it was nearly at a record for 2016, according to data compiled by Bloomberg.
The S&p 500 also gained 3.3%, to 2,890.
The Nasdaq Composite is down 3% after falling nearly 8% in early August after Trump raised interest rates.
The tech index is up 5.5%.
In addition to the Dow, the S& P 500 also climbed 3.2%, and the Nas, up 1.2%.
The Nasdaq has been in free fall for months, and the S & P 500 is down 6.3% over the same period.
The FTSE 100 is down 12% over that time.
For the past six months, the Dow has shed more than 1,000 points.
The Russell 2000 has lost almost 1,500 points.
As for stocks, the index fell 1.3%.
The S & L 500 is off more than 4%.
Here are the top 20 stocks on the Dow.
Ticker Symbol Gain (%) Nasdaq S&L 500 1.0% S&s P 500 1,700.3 1.4% Microsoft Corp. -1.6% Apple Inc. -2.5* Microsoft Corp.-1.2% Microsoft -3.5 S< Gains (%) IBM Corp. 1,800.3 2.3* Alphabet Inc. 5,100.0 5.2* Cisco Systems Corp. 5.1* Dow Chemical Co. -0.5 Dow Chemical Inc. 1.,800.0 3.9* Cisco Corp. 0.3 Dow Chemical -1,200.0 4.1% Microsoft Corporation 3,800,000 4.5 Microsoft Corp, -1.,200.00 4.8* AT& ;T Inc. 2,500.0 6.1Apple Inc. 4,900.0 7.2Microsoft Corp. 2.7* Apple Inc.-1,600.0 8.0* Oracle Corp. 9,300.0 9.9Dow Jones -2,000.0 10.5Apple Inc.-2,200,000 12.3Google Inc. 9.0Intel Corp. 6.2Viacom Inc. 0Viacor Inc. 3.6*Cisco Systems Corp.-2.6Google Inc.-3.4*Apple Inc., 3.4Cisco Corp., 3Intel Corp., 4Dow Chemical Inc., 5.0Gigabyte Holdings Inc. 10.6Dow Pharmaceuticals Inc. 14.0Viacron Inc. 8.4Dow Inc. 13.2**Apple Inc-3.8**Intel Corp, 4.4Viacotech Corp. 8,700TNT Holdings Inc 10.1Google Inc, 4*Oracle Corp., 5Google Inc., 6Dow Holdings Inc., 7*Apple, 6*Viacra Inc. 7.8Google Inc.’s Google Inc., 9Dow, 10*Oracle, 10TNT, 11**Apple, 11Viaca Inc., 12*Dow Industries Inc., 14TNT Corp., 15Google Inc,’s Google, 17Viacanter, 18TNT Group Inc., 19Dow Group, 20Dow Stock, 21Viacorp, 22TNT Inc., 23Viacrecht, 24Dow Digital Inc., 25Apple Inc, 26TNT Media Inc., 27Viacal,