Dow Closes Higher in Volatile Day as Jobless Claims Remain Elevated

U.S. stocks rallied Thursday in a volatile trading session marked by dramatic swings, as investors weighed weak economic data and rising tensions with China against broad pushes to reopen the economy.

The Dow Jones Industrial Average ended the day up more than 375 points, a dramatic rebound after sliding more than 450 points earlier in the day. The furious rally in the index was driven by large gains among stocks in the financial sector, which have slumped this year as interest rates have fallen. American Express jumped 7.4%,…

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