Updated from 4:14 p.m. ESTStocks in the U.S. got off to a rough start Wednesday following a series of gloomy economic reports, but they rallied to close with solid gains ahead of the Thanksgiving holiday. The Dow Jones Industrial Average, down some 168 points earlier, finished up 247.14 points, or 2.9%, at 8726.14, and the S&P 500 added 30.29 points, or 3.5%, at 887.68. The Nasdaq led the move higher with a gain of 67.37 points, or 4.6%, at 1532.10. The day's gains marked the fourth straight winning session for the Dow and the S&P 500. "In the period pre-Thanksgiving and after Thanksgiving, the market generally acts pretty well," said Bruce Zaro, chief technical strategist at Delta Global Advisors. He said that the market rallied about 20% from its Oct. 10 low into election day, and he sees the recent upward movement in stocks as a second iteration of that event. New York's market will be closed Thursday and open for a half day Friday. "The net result will probably be a sideways pattern until we get some concrete evidence that there is some life in the economy," said Zaro. He said there's additional bad news on what is shaping up to be an ugly Christmas season. "The fourth quarter is going to fall off a cliff, and those numbers start coming out in January." He said he foresees a February rally, as the market begins to look past the economic downturn.