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The Stock Market Just Had Its Best Day Of The Year

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NEW YORK, NY - FEBRUARY 04: A trader works on the floor of the New York Stock Exchange during the afternoon of February 4, 2014 in New York City. Stocks began to regain loss ground today, after plunging last week, and again yesterday. (Photo by Andrew Burton/Getty Images) | Andrew Burton via Getty Images

NEW YORK (AP) — The stock market had its best day this year, nearly erasing the steep losses from early this week.

The gains came after encouraging news on the U.S. job market and Disney and other companies reported solid earnings.

The Dow Jones industrial average jumped 188 points, or 1.2 percent, to close at 15,628 Thursday.

The Standard & Poor's 500 index rose 21 points, also 1.2 percent, to 1,773. It was the best gain for both indexes since Dec. 18. Both are still down about half a percent for the week following a steep drop on Monday.

The Nasdaq composite gained 45 points, or 1.2 percent, to 4,057.

Disney jumped 5 percent after the media company reported earnings that beat analysts' estimates, thanks partly to its box-office hit "Frozen."

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