S&P 500, Nasdaq rally for a third day as investors get comfortable with the Fed’s rate-hike plan; European markets close higher as investors react to Fed, BOE hikes; Thyssenkrupp falls 9% 
Stocks jumped for a third straight day on Thursday, building on a strong rally this week, as investors digested the latest news out of Ukraine and got comfortable with the outcome of the Federal Reserve meeting. 
The Dow Jones Industrial Average traded 417.66 points higher, or 1.2%, to 34,480.76. The S&P 500 popped 1.2% to 4,411.67 and the Nasdaq Composite added 1.3% to 13,614.78. 
Energy stocks led the market higher as West Texas Intermediate crude futures, the U.S. oil benchmark, jumped more than 8% to back above $100 per barrel. Devon Energy and Diamondback climbed 9.6% and 6.5%, respectively. The Energy Select Sector SPDR Fund rose 3.4%. The sector is the only one on pace for a down week, but also the only one in positive territory for the year. 
American Express led the Dow higher with a gain of more than 3.5% after Bank of America kept its buy rating on the stock. 
Health stocks and software companies also posted strong gains. Cardinal Health, up more than 6.3%, was one of the top gainers in the S&P 500. Eli Lilly gained 3.2%. Meanwhile, Intuit rose 3.4%. 

The pan-European Stoxx 600 index closed up 0.4%, with oil and gas stocks adding 2.2%. The U.K. FTSE 100 was the standout gainer with a rise of 1.2%. 
The Bank of England on Thursday raised interest rates for the third consecutive meeting and struck a dovish tone as the Russia-Ukraine conflict is expected to keep inflation higher for longer. 
German conglomerate Thyssenkrupp fell 9.4% after its CEO said in an internal memo seen by Reuters that the war in Ukraine had forced the company to reassess its spending and potential spin-off of its steel division. 
Source: CNBC, Investing.com