Gains for Wall Street as Crude Oil Jumps 10 Percent

iStock/Thinkstock(NEW YORK) — There were mass losses earlier this week? All gains for Wall Street on Thursday.

The Dow Jones Industrial Average up 369.26 to finish the session at 16654.77. Its biggest two-day gain since December 2008.

The Nasdaq also jumped 115.17, ending at 4812.71, while the S&P 500 climbed 47.15 to 1987.66.

Crude oil also rose 10 percent for its biggest one-day gain since October 2008.

Although there’s hardly a sign of the plunging stock scare earlier this week, the S&P 500 may be headed toward a “Death Cross” according to Business Insider due to the technical damage. This happens when a stock or index’s 50-day moving average “falls below its 200-day moving average and is often seen as a reversal in the prevailing long-term trend for a security,” said Business Insider.

The second quarter estimate of the U.S. GDP beat expectations expanding at 3.7 percent when an estimate last month by the U.S. Bureau of Economic Analysis had it at a 2.3 percent pace. The BEA believes the reason is because of an increase in exports.

McDonald’s and Tyson have cut ties with a Tennessee poultry farm after a video surfaced showing workers stabbing, clubbing, and crushing chickens. The video was released by animal rights group Mercy for Animals and also reveals “disgusting” living conditions of the factory chickens at T&S Farms.