May 7 (UPI) -- Tech stocks continued to buoy U.S. markets Thursday as all three markets posted gains and rallied back from losses related to the COVID-19 pandemic.
The Dow Jones Industrial Average closed up 211.25 points, or 0.89 percent, while the S&P 500 rose 1.15 percent. The Nasdaq, the only major U.S. index that posted gains on Wednesday, ended the day up 1.41 percent -- erasing all of its losses from the coronavirus crisis to move into growth territory for 2020.
Thursday was the first time any of the three major indices moved into positive territory, year-to-year, since the start of the pandemic.
Tech stocks again led stocks higher as Facebook stock rose 1.34 percent and Apple stock grew 1.03 percent.
Oil prices also fell Wednesday and failed to hold onto early gains Thursday.
West Texas Intermediate, the U.S. benchmark, fell to about $23 -- while Brent crude traded around $29 per barrel.