US Stocks End With Steep Gains, Dow Up 1,200 Points

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Wall Street stocks surged on Thursday and ended with steep gains, including a nearly 1,200-point jump for the Dow, as investors seized on data showing US inflation slowing to spark a rally.

The Dow Jones Industrial Average jumped 3.7 percent to finish at 33,715.37, while the broad-based S&P 500 jumped 5.5 percent to close at 3,956.37.

The tech-rich Nasdaq Composite Index was the big winner, soaring a whopping 7.4 percent to 11,114.15.