NEW YORK—Wall Street rebounded Thursday to claw back most of its sharp drop from the prior day, which was its first big step backward since a rally began in late October.
The S&P 500 climbed 1 percent and is back within 1 percent of its all-time high, a day after its worst tumble in nearly three months. The Dow Jones Industrial Average rose 322 points, or 0.9 percent, and came close to setting a record for the sixth time in the last seven days. The Nasdaq composite jumped 1.3 percent.
