Dow Jones ends over 300 points higher as S&P 500 rebounds from biggest drop in 3 months

U.S. stocks finished higher on Thursday as Wall Street clawed back from a sharp selloff in the previous session that sent the S&P 500 to its biggest one-day decline since September, while investors awaited a fresh reading of the Fed’s preferred inflation measure due out Friday morning.

What happened

On Wednesday, the Dow fell 476 points, or 1.3%, while the S&P 500 and Nasdaq each declined 1.5%. It was the largest one-day decline in the S&P 500 since Sept. 26, while the Dow and Nasdaq snapped nine-day winning streaks,…