U.S. stocks recovered from an early slide to close modestly higher on Thursday, sending the Dow Jones industrial average and Standard & Poor’s 500 index to new highs. The Dow has now eked out two record-high closes this week, while the S&P 500 has notched three. Investors were encouraged by good news on housing, the job market and corporate earnings.
The Dow Jones industrial average rose 33.27 points, or 0.2 per cent, to 17,719.
The Standard & Poor’s 500 index rose 4.03 points, or 0.2 per cent, to 2,052.75.
The Nasdaq composite rose 26.16 points, or 0.6 per cent, to 4,701.87.
For the week:
The Dow is up 84.26 points, or 0.5 per cent.
The S&P 500 index is up 12.93 points, or 0.6 per cent.
The Nasdaq is up 13.33 points, or 0.3 per cent.
For the year:
The Dow is up 1,142.34 points, or 6.9 per cent.
The S&P 500 index is up 204.39 points, or 11.1 per cent.
The Nasdaq is up 525.28 points, or 12.6 per cent.