India, Sept. 3 -- After advancing early in the session, stocks saw further upside over the course of the trading day on Thursday. The major averages all moved sharply higher on the day, extending the rebound seen in the previous session.

The major averages gave back some ground going into the end of the day but remained firmly positive. The Dow jumped 624.16 points or 1.2 percent to 53,686.11, the Nasdaq surged 366.23 points or 1.4 percent to 26,584.06 and the S&P 500 shot up 81.11 points or 1.1 percent to 7,747.71.

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