The Dow Jones Industrial Average rose 332.26 points, or 1.08%, to 31,055.86, the S&P 500 gained 41.57 points, or 1.09%, to 3,871.74 and the Nasdaq Composite added 167.20 points, or 1.23%, to 13,777.74. The small-cap Russell 2000 index also registered an all-time closing high, while the Cboe Volatility index - Wall Street's fear gauge - extended recent losses and closed at its lowest level in two weeks.
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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