U.S. stocks climbed Thursday to trim the majority of their losses for the week. The Standard & Poor’s 500 rose 45.81 points, or 0.9%, to 5,064.20 a day after swinging sharply when the Federal Reserve said it’s likely delaying cuts to interest rates but not planning to hike them. It more than halved its drop for the week.

NEW YORK — U.S. stocks climbed May 2 to trim the majority of their losses for the week. The S&P 500 rose 0.9 percent Thursday, a day after swinging sharply when the Federal Reserve said it's likely delaying cuts to interest rates but not planning to hike them. It more than halved its drop for the week.

U.S. stocks rallied on Thursday as investors weighed the Federal Reserve's more dovish-than-expected interest rate guidance on Wednesday against a plethora of mixed earnings and economic data. All three indexes ended in positive territory.