(CNBC) Stocks rose on Thursday, wrapping up big week of gains, after the Federal Reserve gave more details on how it will support the economy amid the coronavirus pandemic.
The S&P 500 gained 1.3% while the Dow Jones Industrial Average advanced 280 points, or 1.2%. The Nasdaq Composite traded 0.4% higher. The U.S. stock market will be closed Friday due to Good Friday.
The major averages were headed for strong weekly gains. The S&P 500 was up 11.9% week to date, putting it on pace for its best week since 2008. The Dow was up more than 12% for the week while the Nasdaq had rallied 10%.
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