U.S. stocks surged Thursday, with all three major indexes closing at the highest levels in years, as optimistic investors went on a buying spree.
A combination of stronger-than-expected data on the job market and the European Central Bank's bond-buying program provided the momentum. The Dow Jones industrial average closed more than 240 points higher.
The rally comes a day ahead of Friday's monthly jobs report and hours before President Barack Obama makes his case for re-election in a convention speech accepting the Democratic presidential nomination.
Follow complete coverage of the convention, including key speeches carried live, on CNN TV, CNN.com and CNN's mobile apps.
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