) Stocks rose to close out their best January in three decades as strong earnings and a Federal Reserve indicating it will pause rate hikes caused investors to rush back into the market following a vicious December sell-off.
The gain on Thursday was driven by better-than-expected earnings from a range of companies, including Facebook and General Electric. The S&P 500 gained 0.9 percent and the Nasdaq Composite outperformed, rising 1.37 percent. The Dow Jones Industrial Average closed just below the flatline.
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The S&P 500 jumped 7.87 percent this month, its best January performance since 1987, and its biggest monthly gain since October 2015. The Dow rose 7.17 percent in January, its largest one-month rise since 2015 and biggest January gain in 30 years.