The stock market returned to its bullish ascent on Thursday morning, as a combination of generally positive earnings reports and encouraging news out of Washington helped give investors more confidence in the future direction of stocks. As of 11 a.m. EST, the Dow Jones Industrial Average (DJINDICES: ^DJI) climbed 299 points to 31,022. The S&P 500 (SNPINDEX: ^GSPC) rose 27 points to 3,857, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) was up by 69 points to 13,679.
One stock that’s been on the outs for a couple of years earned back its wings on Thursday, as Canada Goose Holdings (NYSE: GOOS) took flight with a solid gain following its latest earnings report. Meanwhile, special-purpose acquisition company (SPAC) Holicity (NASDAQ: HOL) saw its stock continue to rise due to investors who are excited about a potential merger with a key player in the space industry.
Shares of Canada Goose Holdings jumped 27% on Thursday morning. The maker of outerwear had hit the fashion skids after peaking in late 2018, but turnaround efforts appear to be taking the company to a better place.