US stocks surge;
US stocks surged late in the session Thursday as relief that government debt sold well eclipsed a troubling weekly report on jobless claims, and as bulls vied with bears on whether the market and the economy were finding their feet.
US stocks advanced, helped by a 3.3% rebound by the Standard & Poor's 500 Index, after speculation the US government will boost spending on technology overshadowed concern a bailout of carmakers won't bring the nation out of a recession.