Wall Street closes higher as Dow Jones gains over 1%

Wall Street closed higher on Thursday, reversing early losses, with the Dow Jones rising over 1% while the S&P 500 and Nasdaq posted modest gains. The Dow Jones gained 556.21 points (1.08%) to 52,177.69, the S&P 500 rose 0.33% to 7,744.06, and the Nasdaq added 0.08% to 26,713.02. Healthcare and consumer goods stocks supported the market. Technology shares remained under pressure due to concerns over high valuations and artificial intelligence investment costs. Investors also weighed fresh inflation data, keeping attention on the Federal Reserve's next policy moves.