The S&P 500 and the Dow closed at all-time highs on Thursday as worries about rising inflation subsided, while a bigger-than-expected fall in weekly jobless claims and the signing of a massive stimulus bill reinforced expectations of a strong economic recovery.
Mega-cap stocks Microsoft Corp, Apple Inc, Facebook Inc and Amazon.com Inc led the rally, recouping losses from a recent pullback and helping the benchmark S&P 500 surpass its Feb. 12 close of 3,934.83.
The blue-chip Dow scaled a new record for the fourth straight session, while the tech-heavy Nasdaq is now less than 5% below its Feb. 12 peak after slumping over 10% to confirm a correction at …
Keep on reading: S&P 500, Dow end at record highs after upbeat jobless claims data