Falling oil prices and rallying tech shares recharged the rally Thursday, pushing the Dow to another record high, the S&P 500 to an almost 6-year high and the Nasdaq to its highest point in 5-1/2 years.
The tech-fueled Nasdaq composite (up 20.51 to 2,377.10, Charts) nearly 1 percent, according to early tallies, taking out its 2006 closing high and ending at its highest point since February 2001.
The Dow Jones industrial average (up 28.50 to 12,163.18, Charts) added 0.2 percent, closing at a new record high, after touching a new trading high of 12,165.26 in the afternoon. The blue-chip barometer has now closed at a new record for 13 of the last 18 sessions.
The broader S&P 500 (up 6.54 to 1,388.76, Charts) index added around 0.5 percent, ending at the highest point since November 2000.
Stocks advanced at the open on some upbeat earnings news, declined after the new home sales report, and then recharged in the afternoon, led by the technology and financial sectors.
"It's been a steady increase since the morning," said Joseph Saluzzi, co-head of equity trading at Themis Trading. "We sold off after the housing number, but since then we've stepped up nicely, with oil prices falling and technology leading."
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