Dow rebounds more than 400 points after blue chips suffer worst loss since January; European stocks close lower as investors digest inflation data; BT down 6% 
U.S. stocks climbed on Thursday, rebounding from steep losses in the previous session, as investors picked up shares after the pullback. 
The Dow Jones Industrial Average rose 433.79 points to 34,021.45, while the S&P 500 jumped 1.2% to finish the day at 4,112.50. Every sector but energy ended the day in positive territory. 
The Nasdaq Composite closed up 0.7% at 13,124.99 as investors tried to pick some winners in the beaten-up tech sector. Apple and Microsoft each bounced more than 1.5%. 
Elon Musk’s electric car maker Tesla lost 3%. That stock has posted declines in 11 of the last 13 trading sessions and is on track to post its worst week since March 2020 with a week-to-date loss of 14.97%. 

The pan-European Stoxx 600 ended the session down 0.2%, paring losses slightly from earlier in the session. Basic resources were the laggards, dropping 3%, while utilities shares were the top performers, adding 0.8%. 
Earnings in Europe came from Burberry, BT Group and Telefonica. 
Burberry reinstated its dividend and said its recovery from the crisis had accelerated, with sales and profits down from the same period last year but beating average analyst forecasts. However, the British luxury brand’s shares sank 4%. 
Telefonica shares were down slightly while BT tumbled 5.9%. 
Source: CNBC