Dow rebounds from the week's losses | Washington grapples with deadlines | Nike's quarterly earnings

Stocks rallied across the board on Thursday.

VIEW IN BROWSER | SUBSCRIBE THU, SEP 23, 2021 EVENING BRIEF AS OF THU, SEP 23, 2021 • 05:15 ET DJIA 34764.82 +1.48% +506.50 S&P 500 4448.98 +1.21% +53.34 NASDAQ 15052.24 +1.04% +155.40   Most Active DOW NAME LAST CHG %CHG AAPL 146.83 +0.98 +0.67% MSFT 299.56 +0.98 +0.33% INTC 54.03 +0.53 +0.99% S&P 500 NAME LAST CHG %CHG F 13.71 +0.48 +3.63% AAPL 146.83 +0.98 +0.67% AAL 20.90 +0.38 +1.85% NASDAQ NAME LAST CHG %CHG AAPL 146.83 +0.98 +0.67% AMD 106.15 +1.77 +1.70% NVDA 224.82 +5.41 +2.47%   EDITOR'S NOTE Stocks rallied across the board on Thursday as fears about a crisis in China's property market eased. All three major averages climbed back into the green for the week.    Strategists feared that if Chinese property developer Evergrande defaulted on its loans, the aftershocks could ripple through the global markets. However, investors were comforted by the idea that the Chinese government would intervene to reduce any serious calamity. As they awaited news on whether Evergrande would make an interest payment by a Thursday deadline, they also jumped into global economic recovery stocks.   Markets also reacted positively to the outcome of the Fed's September meeting on Wednesday. The central bank kept benchmark interest rates unchanged, while indicating no immediate intention of removing stimulus policies. "A hawkish Fed was surprisingly welcomed by equity markets as it was seen as a confirmation of continued strength and 'substantial progress' made by the economy in recovering from the Covid shock," said Commonwealth Financial Network's Anu Gaggar.   "While we are far from the end of QE and near-zero rates, the tide seems to be beginning to change," Gaggar said. "So far, the market had welcomed bad news as good news, but a market reacting to signs of an economy able to stand on its own without the monetary policy crutches is a refreshing change."   Energy stocks rallied as U.S. West Texas Intermediate crude futures rose. Oil settled at $73.30. Shares of APA and Devon Energy closed over 7% higher.   Shares of Salesforce gained 7.2% after the software provider raised its full-year 2022 revenue guidance.  Tanaya Macheel | Markets and Investing Reporter @tanayamac TOP NEWS  Dow closes 500 points higher as major averages reclaim losses from earlier this week White House prepares for potential shutdown as leaders grapple with crucial deadlines, Biden agenda CDC panel endorses Pfizer Covid booster shots for people 65 and older Here's what will happen when the Fed's 'tapering' starts, and why you should care Goldman Sachs says a government shutdown would hit these stocks the hardest Nike shares fall as weaker sales in North America lead to revenue shortfall China's 'common prosperity' push could put Tesla and these other U.S. stocks at risk, BofA says Mark Zuckerberg just brought his trusted fix-it-man to the forefront at Facebook America's richest 400 families pay a lower tax rate than average taxpayer Mortgage market is unprepared for climate risk, says industry report   TOP VIDEO Evergrande is not China's 'Lehman moment,' Rosenberg says   CNBC PRO Cathie Wood has a warning about traditional growth stocks   SPECIAL REPORTS These year-end tax moves may help you save, regardless of what happens in Congress The child tax credit encourages parents to work, study finds   Unsubscribe Manage Newsletters Terms of Service Join the CNBC Panel Digital Products Feedback Privacy Policy   © 2021 CNBC LLC. All rights reserved. A property of NBCUniversal. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis. Data also provided by THOMSON REUTERS