(CNBC) – Stocks rose on Thursday, erasing most of the steep losses from earlier in the week, as global bond yields rebounded while investors digested better-than-expected trade data out of China.
The Dow Jones Industrial Average closed 375 points higher, or 1.4 percent. The S&P 500 advanced 1.9 percent while the Nasdaq Composite surged 2.2 percent.
Thursday's gains helped the indexes recover most of the sharp losses from Monday's session. The Dow and S&P 500 fell nearly 3 percent each on Monday while the Nasdaq dropped 3.5 percent. The indexes hit the week's lows on Wednesday before staging a strong comeback.
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Through Thursday's close, the S&P 500 and Nasdaq were up 0.2 percent and 0.4 percent, respectively, for the week. The Dow was only down 0.4 percent.