U.S. stocks closed broadly higher Thursday, nudging the three major U.S. indexes to close at record highs.
Energy companies led the gains as the price of crude oil rose following an industry report that predicted the oversupply of crude oil in the market is ending.
Investors also bid up shares in retailers after Macy’s and Kohl’s reported better-than-expected quarterly results.
The Dow Jones industrial average rose 117.86 points, or 0.6 per cent, to 18,613.52.
The Standard & Poor’s 500 index gained 10.30 points, or 0.5 per cent, to 2,185.79.
The Nasdaq added 23.81 points, or 0.5 per cent, to 5,228.40.
For the week:
The Dow is up 69.99 points, or 0.4 per cent.
The S&P 500 is up 2.92 points, or 0.1 per cent.
The Nasdaq is up 7.28 points, or 0.1 per cent.
For the year:
The Dow is up 1,188.49 points, or 6.8 per cent.
The S&P 500 is up 141.85 points, or 6.9 per cent.
The Nasdaq is up 270.99 points, or 4.4 per cent.