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Wall Street Markets

JPMorgan Chase (NYS:JPM - News), Bank of America (NYS:BAC- News) and Wells Fargo (NYS:WFC - News) were among the companies giving the greatest boost to the S&P 500. Shares of JPMorgan gained 1.6 percent to $56.61, Bank of America rose 2.3 percent to $14.94 and Wells Fargo added 1.7 percent to $44.24. The S&P 500 financial index was up 1.7 percent. Data on weekly U.S. initial jobless claims and national manufacturing came in better than expected, while construction spending dropped 0.6 percent in June, below forecasts calling for a 0.4 percent rise. The drop in initial claims, coupled with Wednesday's better-than-expected ADP employment report, bodes well for July payrolls data on Friday. The Dow Jones industrial average was up 133.94 points, or 0.86 percent, at 15,633.48. The Standard & Poor's 500 Index was up 19.98 points, or 1.19 percent, at 1,705.71. Global central banks on Thursday also remained accommodative, with European Central Bank President Mario Draghi reiterating the ECB's rates will remain at their present level or lower for an "extended period. Yelp Inc (YELP.N) surged 25.6 percent to $52.51 after the consumer reviews website posted a smaller-than-expected quarterly loss and forecast third-quarter revenue above analysts' expectations. The company's shares jumped 13.5 percent to $175.65, after hitting an all-time high of $180.99 earlier in the session.

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