Stocks ended a holiday-shortened session Thursday at new highs for the year following upbeat reports on unemployment and durable goods orders. A weaker dollar also helped buoy the market, lifting energy and materials stocks. Christmas Eve trading was extremely light. The encouraging signs of the labor market and consumer demand helped assuage investors, who were disappointed the day before by an unexpected plunge in new home sales last month.
The Dow Jones industrial average rose 53.66, or 0.5 percent, to 10,520.10.
The Standard & Poor's 500 index rose 5.89, or 0.5 percent, to 1,126.48.
The Nasdaq composite index rose 16.05, or 0.7 percent, to 2,285.69.
For the week:
The Dow is up 191.21, or 1.9 percent.
The S&P is up 24.01, or 2.2 percent.
The Nasdaq is up 74.00, or 3.4 percent.
For the year:
The Dow is up 1,743.71, or 19.9 percent.
The S&P is up 223.23, or 24.7 percent.
The Nasdaq is up 708.66, or 44.9 percent.