Stocks Explode Higher

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sp 1.8

Google Finance And now we're up on the year.

At around 2:45 pm ET, stocks were near session highs, continuing their gains from Wednesday and taking all of the indexes into the green for the year.

The Dow was up as much as 238 points, the S&P 500 was up 37 points, and the Nasdaq was up 89 points.

Stocks were closing in on gains of 2% on Thursday.

On Wednesday, all of the major averages gained more than 1% as stocks finished in the green for the first time this year, as the minutes from the latest Federal Reserve meeting didn't contain any surprises.

Investors now turn their attention to Friday's big December jobs report, where the US economy will look to extend its 10-month streak of payroll gains better than 200,000.

Expectations are for payrolls to grow by 240,000.

Stocks in Europe also rocketed higher on Thursday, with stocks on all major European bourses gaining more than 2%, led by London's FTSE up 2.3%, the CAC in Paris up 3.5%, and the DAX in Germany, which added 3.3% on Thursday..

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