By Jonathan SchanzerThe U.S. stock market, which closed Friday on a record high, had its biggest year-over-year gain in five years on Thursday.
The Dow Jones Industrial Average rose 3,734.89 points, or 0.9 percent, to 26,738.62.
The Standard & Poor’s 500 Index of major U.K. shares climbed 0.2 percent to 4,923.97.
The Nasdaq Composite index of major stocks fell 2.7 percent to 6,637.07.
The Dow Jones industrial average closed at a record 23,737.93.
The market had been in a tailspin this year, with the Dow down almost 9 percent this year and the S&P 500 falling nearly 5 percent.
This year’s gains have come as stocks have been gaining in price.
The Nasdaq rose 2.5 percent, while the Dow Jones dropped 1.9 and the Standard & Poor’s dropped 1 percent.
In a speech Thursday, President Donald Trump vowed to keep America’s economic engine going, and to revive the American manufacturing sector, a key pillar of his campaign.
Trump also said that he would keep the country’s borders open and said that it would be a priority to get American workers back to work.
He also said the country should be investing in infrastructure, but that he believes the country has a lot of problems with the way it’s built.
The U to be very active, Trump said, referring to the U.N. climate change summit.
He said he wants to have a country that’s a leader in environmental protection and the environment.
Trump also said he would take action on the Iran nuclear deal, which he has said will lead to an end to sanctions on the country.
The president also said Wednesday that he is not backing down from his campaign promise to cut U.s. regulations, and has promised to sign legislation that would cut taxes and give the American people the power to buy American goods.