Stocks rose on Thursday as investors looked to recover from Wednesday's decline. The Dow Jones Industrial Average rose nearly 350 points, while the S&P 500 Index and Nasdaq Composite added around 1.4% and 2%, respectively.

Semiconductor stocks rose on Thursday, with shares of Nvidia (NVDA  ), Intel (INTC  ) and AMD (AMD  ) all gaining as investors looked to buy-the-dip in tech stocks.

Here's how the market settled on Thursday:

S&P 500 Index (SPY  ): +1.43% or +63.92 points to 4,520.16

Dow Jones Industrial Average (DIA  ): +1.02% or +349.44 points to 34,707.94

Nasdaq Composite Index (QQQ  ): +1.93% or +269.24 points to 14,191.84

BlackRock CEO says Russia-Ukraine war is ending globalization:

Larry Fink, CEO and Chairman of the world's largest asset manager, BlackRock (BLK  ), said in his annual letter to shareholders published Thursday that Russia's invasion of Ukraine has ended the world order that has been in place since the end of the Cold War.

"The Russian invasion of Ukraine has put an end to the globalization we have experienced over the last three decades," Fink said in his 2022 letter. "It has let many communities and people feeling isolated and looking inward. I believe this has exacerbated the polarization and extremist behavior we are seeing across society today."

Fink said nations and world governments have come together as waged an "economic war" against Russia, and BlackRock has joined them by taking steps to suspend the purchase of any Russian securities in its active or index portfolios.

Weekly jobless claims fall to 50-year low:

Initial unemployment claims fell sharply last week to set a more than 50-year low as the labor market continued to be a point of strength for the U.S. economy as it recovers from the lingering effects of the coronavirus pandemic.

New jobless claims totaled 187,000 for the week ended March 19, according to the Labor Department's latest report published Thursday, well below the previous week's revised print of 215,000 and reaching the lowest level since September 1969.

Continuing jobless claims also fell further to reach 1.35 million for the week ended March 12, the report's lowest total since January 1970.

Here's how benchmarks started trading soon after open:

S&P 500 Index (SPY  ): +0.46% or +20.28 points to 4,476.52

Dow Jones Industrial Average (DIA  ): +0.29% or +100.32 points to 34,458.82

Nasdaq Composite Index (QQQ  ): +0.52% or +72.10 points to 13,994.70