NEW YORK (AP) — The stock market rose Thursday as encouraging news on the economy outweighed concern that interest rates could start climbing sooner than expected. Stocks erased all of their losses from the day before, when Fed Chair Janet Yellen suggested that rates could rise next year.

KEEPING SCORE: The Standard & Poor’s 500 index rose 11 points, or 0.6 percent, to 1,872 as of 2:35 p.m. Eastern time. The Dow Jones industrial average gained 116 points, or 0.7 percent, to 16,338. The Nasdaq composite climbed 17 points, or 0.4 percent, to 4,325.