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· S&P 500 jumps more than 1%, capping off its best week since 1974

Stocks rose sharply on Thursday, wrapping up a big week of gains, after the Federal Reserve detailed a bevy of programs to support the economy during the shutdowns from the coronavirus pandemic.

The S&P 500 gained 1.5% to close at 2,789.82 while the Dow Jones Industrial Average advanced 285.80 points, or 1.2%, to 23,719.37. The Nasdaq Composite closed 0.8% higher at 8,153.58. The U.S. stock market will be closed Friday due to Good Friday.

For the week, the S&P 500 surged 12.1%. That was its biggest one-week gain since 1974, when it rallied more than 14%. The Nasdaq had its best week since 2009, jumping 10.6%. The Dow soared more than 12% for one of its biggest weekly gains on record.

· European markets close higher as Fed unveils $2.3 trillion stimulus plan

European markets closed higher Thursday as investors digested the latest U.S. jobless data and a $2.3 trillion stimulus package from the Federal Reserve.

The pan-European Stoxx 600 closed up by 1.4% provisionally, with travel and leisure stocks jumping over 4% to lead gains as all sectors traded in positive territory. With no trade on Friday, due to the Easter holiday, the benchmark finished up over 7% on the week.

· Stocks in Japan and South Korea mostly higher; major markets closed for Good Friday

Stocks in Asia were mixed in Friday morning trade, with major markets across the region closed for the Good Friday holiday.

Japan’s Nikkei 225 rose 0.39% in early trade as shares of index heavyweight Fast Retailing gained 2.94%. The Topix index, on the other hand, dipped 0.3%.

South Korea’s Kospi added 0.1% as shares of automaker Hyundai Motor gained 2.99%.

Markets in Australia, Hong Kong, Singapore and India are all closed for the Good Friday holiday.

Reference: CNBC, Reuters