Dow surges over 560 points as S&P 500 scores biggest gain since April

Stocks soared Thursday as Treasury yields retreated after the Federal Reserve a day earlier signaled a wait-and-see approach on further rate hikes. The Dow Jones Industrial Average
DJIA,
+1.70%
surged 565 points, or 1.7%, to close near 33,839, according to preliminary figures. The S&P 500
SPX,
+1.89%
advanced 1.9%, for its biggest one-day gains since April 27, according to FactSet, while the Nasdaq Composite
COMP,
+1.78%
jumped 1.8%.