NEW YORK (AP) - Stock indexes are back at record highs on Wall Street after better economic news sent the market sharply higher.
The benchmark Standard & Poor's 500 index closed above 1,700 points for the first time.
Better manufacturing news in China and the U.S. as well as encouraging reports on jobs and company earnings sent the market up Thursday.
The S&P 500 rose 21 points, or 1.3 percent, to 1,706.
The Dow Jones industrial average gained 128 points, or 0.8 percent, to 15,628.
The Nasdaq composite rose 49 points, or 1.4 percent, to 3,675.
Small-company stocks and transportation stocks also rose sharply. Investors sold ultra-safe U.S. government debt.
Three stocks rose for every two that fell on the New York Stock Exchange. Volume was higher than average at 3.8 billion shares.
To comment, the following rules must be followed:
Comments may be monitored for inappropriate content, but the station is under no legal obligation to do so.
If you believe a comment violates the above rules, please use the Flagging Tool to alert a Moderator.
Flagging does not guarantee removal.
Multiple violations may result in account suspension.
Decisions to suspend or unsuspend accounts are made by Station Moderators.
Questions may be sent to firstname.lastname@example.org. Please provide detailed information.
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or email@example.com.