Wall Street surges on hopes for corporate profits and Syria’s tensions are easing

UNITED STATES (OBSERVATORY) – US stocks rallied on Thursday on hopes of investors in a strong corporate earnings season and after US President Donald Trump indicated a military strike against Syria might not be forthcoming, easing geopolitical concerns.

The Dow Jones industrial average was up 293.60 points, or 1.21 percent, at 24,483.05. The Standard & Poor’s 500 Index <.SPX> was up 21.80 points, or 0.83 percent, to close at 2663.99.

The Nasdaq Composite Index closed up 71.22 points, or 1.01 percent, at 7,140.25.