U.S. stocks were higher, with the Dow Jones index gaining over 350 points on Thursday.

Shares of Stitch Fix Inc (NASDAQ:SFIX) rose sharply after the company reported better-than-expected third-quarter financial results.

Stitch Fix reported a loss of 1 cent per share, beating the consensus estimate of a 6 cent-loss.

In addition, it reported revenue of $340.27 million, beating the consensus estimate of $331.43 million.

Stitch Fix shares jumped 15.8% to $4.17 on Thursday.