NEW YORK (CNNMoney.com) -- Stocks jumped Thursday, gaining for the third session in a row, as investors scooped up banks and other shares hit in a selloff that left the Dow at 12-year lows.
The Dow Jones industrial average (INDU) gained 240 points, or 3.5%, managing a three days of back-to-back gains for the first time since late January.
The S&P 500 (SPX) index gained 29 points, or 4%. The Nasdaq composite (COMP) gained 54 points, or 4%.
Although it's too soon to tell where stocks are going to go from here, the rally off the lows is nonetheless encouraging, said Dan Genter, president and CEO at RNC Genter Capital Management.
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