Stocks rose to record levels Thursday on earnings gains at major U.S. companies and encouraging economic news. Claims for unemployment benefits fell and manufacturing surged in the mid-Atlantic region. Higher earnings from companies including UnitedHealth Group and Morgan Stanley also helped.
The Dow Jones industrial average rose 78.02 points, or 0.5 percent, to close at 15,548.54.
The Standard & Poor's 500 index gained 8.46 points, or 0.5 percent, to 1,689.37.
The Nasdaq composite advanced 1.28 points, or 0.04 percent, to 3,611.28.
For the week so far:
The Dow is up 84.24, or 0.5 percent.
The S&P 500 is up 9.18, or 0.6 percent.
The Nasdaq is up 11.20, or 0.3 percent.
For the year so far:
The Dow is up 2,444.40 points, or 18.7 percent.
The S&P 500 is up 263.18 points, or 18.5 percent.
The Nasdaq is up 591.77 points, or 19.6 percent.