Major stock markets in the United States recorded significant gains at Thursday's closing bell as investors shrugged off worries related to the crisis in Ukraine. Earlier today, the House voted in favor of a bill that would allow higher tariffs to be implemented on goods from Russia and Belarus, with the Senate also expected to act soon.
Meanwhile, a report revealed AstraZeneca could withdraw the application for the approval of its COVID-19 vaccine in the US, and Amazon Inc. closed the $8.45 billion acquisition of MGM film and TV studios.
The Dow Jones jumped 1.23% or 417 points at the close. The Nasdaq 100 rose 1.16% or 161 points. The S&P 500 advanced 1.23% for the best three-day gain since November 2020. The euro climbed 0.56% against the dollar to sell for 1.10972 at 3:59 pm ET.
