Wall Street surges in third straight day of gains

Wall Street rallied for a third straight session on Thursday as record weekly jobless claims came in below investors’ worst fears and investors focused on an unprecedented $2 trillion stimulus awaiting approval by the U.S. House of Representatives.

The Dow Jones Industrial Average .DJI rose 1,351.62 points, or 6.38%, to 22,552.17, the S&P 500 .SPX gained 154.51 points, or 6.24%, to 2,630.07 and the Nasdaq Composite .IXIC added 413.24 points, or 5.6%, to 7,797.54.

Reporting by Noel Randewich; Editing by Sandra Maler