S&P 500 extends streak of record highs

The S&P 500 climbed 0.53% to end the session at 4,894.16 points. The Nasdaq gained 0.18% to 15,510.50 points, while the Dow rose 0.64% to 38,049.13 points.

NEW YORK: The S&P 500 closed at an all-time high for a fifth straight session on Thursday after data showing strong US economic growth in the fourth quarter boosted sentiment, while Tesla tumbled following a disappointing sales forecast.

The gains extended a rally in which the S&P 500 recently hit record highs for the first time in two years, lifted by optimism about the economy and lower interest rates, as well as bets on artificial intelligence.