S&P 500 logs longest win streak in 6 weeks;Dow rallies 943 points in 3 days
U.S. stocks rallied Thursday, extending a rally to a third straight day to kick off the month of November the way a battered equity market finished out a brutal October. The successive gains for U.S. stocks come ahead of earnings from Apple Inc. , which could help to provide a fresh driver for markets, coming right before Friday's nonfarm-payroll report on Friday. The Dow Jones Industrial Average added about 265 points, or 1.1%, to close at 25,381, with the benchmark picking up 943 points over the past three sessions. The S&P 500 index finished the day with a 1.1% return at 2,740, with its three-day streak matching a similar string of wins ended Sept. 20. The Nasdaq Composite Index wrapped up the day with a 1.8% advance to reach 7,434. Apple's earnings were set to be released after the official close of stock-market trade Thursday, while Friday's jobs report were scheduled for 8:30 a.m. Eastern Time. The recent series of gains follow an October that was the worst for the major stock benchmarks in years and left the Nasdaq in correction territory, defined as a drop of at least 10% from a recent peak, for the first time in about two years. Worries about global growth flagging, peak earnings and a trade spat with China have been among some of the factors behind the downdraft. Despite the rise, market participants are still cautious about the near-term outlook for equities.