Equities rebounded from earlier losses Thursday afternoon as both bank and technology stocks led the three major indexes higher.
The Dow Jones Industrial Average rebounded 98.46 points to finish at 24,216.05 after briefly falling 100 points earlier in the session, with Boeing as the best-performing stock in the index. The S&P 500 closed 0.62 percent higher at 2,716.31 as financials, technology and telecoms outperformed. The Nasdaq composite finished up 0.79 percent at 7,503.68 as Amazon rose 2.4 percent after buying an online pharmacy.
Shares of J.P. Morgan, Goldman Sachs, Citigroup, Morgan Stanley and Bank of America all rose more than 1 percent lifting the financials sector. Financials entered Thursday's session having fallen for a record 13 straight sessions; the Financial Select Sector SPDR ETF (XLF) rose 0.9 percent Thursday.
Equities have been under pressure this week, however, as trade tensions between the U.S. and some of its biggest trade partners have mounted. The Dow, S&P 500 and Nasdaq composite all remain down at least 1.4 percent since Monday.