The stock market advanced for a fourth straight day Thursday, pushing the Standard & Poor’s 500 index to a record high. Investors were encouraged by news that the number of people seeking unemployment benefits remains at a multi-year low. Hewlett-Packard rose after delivering better results, while Sears plunged after reporting that its loss doubled from a year ago.
The Dow Jones industrial average rose 60.36 points, or 0.4 per cent, to 17,039.49.
The Standard & Poor’s 500 index rose 5.86 points, or 0.3 per cent, to close at 1,992.37.
The Nasdaq composite added 5.62 points, or 0.1 per cent, to 4,532.10.
For the week:
The Dow is up 376.58 points, or 2.3 per cent.
The S&P 500 index is up 37.31 points, or 1.9 per cent.
The Nasdaq is up 67.18 points, or 1.5 per cent
For the year:
The Dow is up 462.83 points, or 2.8 per cent.
The S&P 500 index is up 144.01 points, or 7.8 per cent.
The Nasdaq is up 355.51 points, or 8.5 per cent.