In a move that has left even the most seasoned investors perplexed, the Nasdaq turned positive for the year Thursday .. bouncing back from a drop of more than 20% in late March. The strong upturn came despite an unprecedented disruption to the U.S. economy that has pushed 30 million Americans out of a job and onto the unemployment lines. For the day - The Nasdaq and S&P 500 rose more than 1%; the Dow gained nine-tenths percent.

Payne Capital Management senior wealth advisor Courtney Dominguez is bullish about the prospects for equities even as more bad economic news is expected on Friday.

"We're going to get economic data tomorrow about employment numbers. And no one is expecting that to be positive news. So again seeing the markets reacting positively in the face of negative news really should be an optimistic sign."

In Thursday trading, PayPal provided the biggest boost to the S&P. Quarterly revenue surged 19%, and the payments processor forecast a strong recovery in payments volume as more people shop online amid the lockdowns. That drove up shares of credit card companies Mastercard and Visa, too.

Lyft shares went on a joyride, rising as much as 23%. Several analysts raised their price targets after the ride-hailing company indicated a recovery in demand as economies reopen and lower costs as unemployment encourages more people to sign up as drivers. Shares of arch rival Uber also rose.

The spike in Chinese export drove up oil prices, and in turn, energy shares like Chevron and CenterPoint.

Running on empty: Neiman Marcus. The century-old luxury retailer filed for bankruptcy protection, becoming one of the highest-profile collapses among retailers forced to temporarily close stores in response to the pandemic.