U.S. stocks jump 4.2% after U.K. exports rebound

The U.M. stock market closed at a record on Thursday, as exports surged and the British pound rose.

U.T.O. data released by the International Monetary Fund showed U.N. climate talks will go ahead in London next week, while the Bank of England said inflation has eased.

A survey showed the Dow Jones industrial average rose nearly 50 points, while biotech shares gained as investors pushed for a more cautious outlook.

The Dow rose nearly 5% to 21,000.

The S&P 500 rose 2.3% to 2,542.70.

The Nasdaq added 2.4% to 6,826.14.

The Russell 2000 added 0.6% to 1,846.63.

The FTSE 100 climbed 1.7% to 5,868.60.

The P/E ratio rose to 1.57.

The benchmark S&P 500 index rose 2% to 3,074.20.