Shares of industrial and transportation companies rose after strong earnings. GE Aerospace soared after the maker of plane engines, formerly known as General Electric, posted fourth-quarter earnings ahead of Wall Street targets and boosted its dividend.
Stocks closed solidly higher on Thursday for the fourth straight session as investor optimism about the Trump administration continues to run high.
Dow jumps as S&P 500 hits a record high. Trump pushes for rate cuts and cheaper oil, while rising jobless claims hint at economic softening.
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The broad based index finished the trading day up over 0.5%, securing its first all-time closing high of 2025. The Dow Jones Industrial Average ( ^DJI) popped around 0.9%, but was unable to secure its own record, while the Nasdaq Composite ( ^IXIC) recovered from earlier losses to close up about 0.2%.
The Dow Jones rose Thursday after higher-than-expected initial unemployment claims. Nvidia stock sold off, while Tesla reversed higher.
The Dow Jones Industrial Average jumped on Thursday while the Nasdaq Composite is lagging. Nvidia supplier SK Hynix warned about demand uncertainty ahead, weighing on the broader chip space. Trending tickers on Yahoo Finance include Electronic Arts,
Dow Jones futures edged lower overnight, along with S&P 500 futures and Nasdaq futures. Tesla's new Model Y is in focus.The stock market rally saw further gains Thursday. The Dow Jones led and the S&P 500 hit a fresh high.
IST, the barometer index, the S&P BSE Sensex rose 144.40 points or 0.19% to 76,678.04. The Nifty 50 index added 49.30 points or 0.21% to 23,254.65.
U.S. stocks rose to a record as Wall Street regained some of the momentum that catapulted it to 57 all-time highs last year. The S&P 500 rose 0.5% Thursday amid relatively quiet trading and surpassed the record it set early last month.
Wall Street stocks finished higher Thursday, shrugging off early weakness as investors digested President Donald Trump's remarks to the World Economic Forum in Davos.