The major averages showed signs of life Thursday after a couple of down sessions with the tech-heavy Nasdaq leading the way higher. Unlike Wednesday's session, the major averages closed the day in the green across the board.
Bitcoin was the talk of the market Thursday as the cryptocurrency continues to ignore bubble warnings and push to new all-time highs. Bitcoin pushed past the $15,000 mark, continuing its impressive run after topping $10,000 for the first time just last Friday.
Shares of GE (GE - Get Report) were up nearly 2% after the company's Power unit announced that it was laying off 12,000 employees, which is about 18% of its global workforce. The layoffs are part of the company's plan to reach $1 billion in structural cost reductions in 2018.
Ford (F - Get Report) announced plans to move production of its electric vehicles from a plant in suburban Detroit to Mexico, reversing an announcement from January saying that the Michigan plant would be used to produce EVs. Instead, the plant will now be the hub for production of the company's driverless cars.