The S&P 500 gained 1.5%

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Morgan Stanley names its favorite stocks in tech — and gives one nearly 60% upside

The S&P 500 gained 1.5% despite at one point trading down 0.7%

Also boosting markets was an announcement from Credit Suisse
overnight that it will borrow up to nearly $54 billion from the Swiss National Bank to assure short-term liquidity. The embattled bank after it fell to a record low Wednesday following reports that the Saudi National Bank, Credit Suisse’s largest investor, said it would not provide additional assistance. U.S.-listed shares were higher by 2% on Thursday