Shares of industrial and transportation companies rose after strong earnings. GE Aerospace soared after the maker of plane engines, formerly known as General Electric, posted fourth-quarter earnings ahead of Wall Street targets and boosted its dividend.
Stocks closed solidly higher on Thursday for the fourth straight session as investor optimism about the Trump administration continues to run high.
Dow jumps as S&P 500 hits a record high. Trump pushes for rate cuts and cheaper oil, while rising jobless claims hint at economic softening.
Track the market's reaction to President Donald Trump's speech in Davos, Switzerland, as well as corporate earnings and other developments on Thursday.
Follow along for live updates on stocks, bonds and other markets, including the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite
The broad based index finished the trading day up over 0.5%, securing its first all-time closing high of 2025. The Dow Jones Industrial Average ( ^DJI) popped around 0.9%, but was unable to secure its own record, while the Nasdaq Composite ( ^IXIC) recovered from earlier losses to close up about 0.2%.
The Dow Jones Industrial Average ( ^DJI) moved to a session high, up 0.5% while the S&P 500 ( ^GSPC) gained 0.2%. The Nasdaq Composite ( ^IXIC) fell slightly. President Trump spoke remotely at the World Economic Forum in Davos, Switzerland, appearing via video to a packed room of CEOs and world officials.
Wall Street traded slightly higher during midday Thursday as investors assessed the ongoing earnings season while closely monitoring policy signals from President Donald Trump.
The S&P 500 jumped 0.5%, notching an all-time closing high. The Dow rallied 0.9%, while the Nasdaq Composite ticked higher by 0.2%. After touching a new intraday high during Thursday's session, the S&P 500 is also on track to close at a record.
Wall Street traded slightly higher during midday Thursday as investors assessed the ongoing earnings season while closely monitoring policy signals from President Donald Trump.
U.S. stocks rose to a record as Wall Street regained some of the momentum that catapulted it to 57 all-time highs last year. The S&P 500 rose 0.5% Thursday amid relatively quiet trading and surpassed the record it set early last month.