(CNBC) U.S. stocks closed higher on Thursday as tech shares rose following a roller coaster ride in the previous trading day.

The Dow Jones industrial average rose 240.92 points to 24,505.22, with Boeing and DowDuPont as the best-performing stocks. The S&P 500 gained 0.7 percent to close at 2,662.84, with materials leading 10 sectors higher. The Nasdaq composite advanced 0.5 percent to 7,076.55.

Tech helped lead the move higher, with Facebook jumping 2.7 percent and gains of more than 1.5 percent in Netflix and Amazon.