US shares end higher; economic plan gathers speed

US shares end higher following recent market volatility, as the White House and political leaders begin finalising an economic stimulus plan.

US shares ended higher on Thursday following recent market volatility, as the White House and political leaders began finalising an economic stimulus plan aimed at averting a potential recession.

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The leading blue chip Dow Jones Industrial Average finished up 107.79 points (0.88 percent) at a preliminary close of 12,377.96 just after the closing bell. The tech-heavy Nasdaq gained 44.51 points (1.92 percent) to 2,360.92 while the broad-market Standard & Poor's 500 index rose 13.28 points (0.99 percent) to 1,351.88.