The best American stock indexes jumped for the third consecutive day as investors hope that a giant government rescue plan will mitigate the economic blow of the coronavirus.
The Dow Jones and the S&P 500 both climbed more than 6%, capping their best three-day streak since the Great Depression.
The Nasdaq finished up for a second day, up 5.6%.
The increase came despite data showing a record number of 3.28 million Americans filed for unemployment last week.
Aid firms, including Boeing, contributed to this increase.
Weeks of losses
The aerospace giant’s shares jumped nearly 14% on Thursday. The company – which was in critical condition before the coronavirus shutdown due to two fatal accidents – has seen its share price almost double since the start of the week.
The rally follows weeks of stock market losses as investors try to assess the economic impact of nationwide business closings and travel restrictions.
American indices, which have fluctuated enormously, remain at more than 20% of their February peaks amid concerns about the economic scars that will be left by the pandemic.
However, they rallied this week as governments around the world are taking steps to try to cushion the blow.
The US Congress is expected to pass a more than $ 2 trillion relief law, which includes direct payments to American households and support for large and small businesses.
The UK has also released aid, including a plan on Thursday to subsidize the self-employed.
Earlier, European markets also finished higher with the London FTSE 100 up 2.2%.