US stocks rallied sharply on Thursday as investors pulled back bets on a Federal Reserve interest-rate hike after Fed Governor Christopher Waller said he would favour keeping rates steady if upcoming data confirms that inflationary pressures are easing, Reuters reported.
The S&P 500 rose 81.67 points, or 1.07%, to 7,748.27, while the Nasdaq Composite gained 366.39 points, or 1.40%, to 26,584.21. The Dow Jones Industrial Average added 627.37 points, or 1.18%, to 53,689.32.