NEW YORK: U.S. stocks rose more than 1% on Thursday and the S&P 500 and Nasdaq posted record closing highs after another batch of upbeat earnings and data suggesting the labor market may be stabilizing.
The Dow and S&P 500 rose for a fourth straight day, with investor hopes of further progress on a pandemic-relief package also boosting the market. Democrats in the U.S. Senate were poised to take a first step toward the ultimate passage of President Joe Biden's $1.9 trillion COVID-19 relief proposal.
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