The Dow rose 292.81 points, or 0.60%, to 49,442.44, the S&P 500 gained 17.87 points, or 0.26%, to 6,944.47 and the Nasdaq gained 58.27 points, or 0.25%, to 23,530.02.
NEW YORK: US stocks rose on Thursday after two days of declines as Morgan Stanley and Goldman Sachs shares shot up following upbeat quarterly results, while Taiwan-based chipmaker TSMC's blockbuster results boosted shares of US chipmakers.
Goldman Sachs and Morgan Stanley both reported a rise in quarterly profit, helped by a flurry of dealmaking. Shares of Goldman rose 4.6%, giving the Dow its biggest boost, and Morgan Stanley gained 5.8%.
