Dow jumps 500 points, Nasdaq surges nearly 3% as Wall Street rallies for 3rd straight day

US stocks rallied on Thursday, with Big Tech leading the way as investors digested the latest signals from President Trump and his top advisers on tariffs.

The Dow Jones Industrial Average jumped 1.3%, or nearly 500 points. The benchmark S&P 500 gained nearly 2.1%, while the tech-heavy Nasdaq Composite rose around 2.7%. The "Magnificent Seven" megacap stocks all gained.

Over the past three trading sessions, the Nasdaq has soared over 8%, followed by the S&P 500 at just over 6% and the Dow at over 5%.

The positive trading action comes as investors digested more tariff-talk optimism, with deals with India and South Korea reportedly on the table even as progress on negotiations with China remains unclear.

Investors' expectations of a Fed rate cut also increased after Federal Reserve Bank of Cleveland President Beth Hammack said policymakers could move forward with a cut in June if the economic data is clear and convincing by then.