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New York - Stocks had their best day in weeks Thursday after solid demand for another Treasury auction and an unexpected profit from Bed, Bath & Beyond.

Stocks had opened lower after weekly jobless claims came in higher than expected but quickly rebounded.

The Dow gained more than 170 points, or 2.1 percent. The S&P added 1.8 percent and the Nasdaq gained 2.1 percent.

Solid demand for yet another Treasury auction boosted confidence: The U.S. sold $27 billion of seven-year notes with a yield of 3.329 percent. This was the latest sign that the government isn't having any trouble selling its debt, following strong demand for auctions of 2-year and 5-year notes in the past two days.