Buisness Insider

Stocks Are Flying Higher (DIA, SPY, QQQ, IWM, TLT, USO)

New York Stock Exchange Traders 58

Stocks are surging.

In morning trade on Thursday, the Dow was up as much as 212 points, the S&P 500 was up as much as 27 points, and the Nasdaq was up as much as 59 points.

All of the major averages were up better than 1.2%. 

The bounceback in stocks follows losses on Wednesday as each of the US stock indexes lost more than 1.5%.

In morning trade on Thursday, oil was still falling, with WTI crude trading below $61 a barrel and touching as low as $60.09 at one point.

Markets around the world were still volatile, with stocks in Greece selling off on Thursday and markets in Dubai crashing overnight.  

Thursday's stocks gains follow two bits of positive economic news this morning, as November retail sales and initial jobless claims data came in better than expected. 

Retail sales grew 0.7% month-on-month in November better than the 0.4% that was expected, while initial jobless claims fell to 294,000 last week. 

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