U.S. stocks hit record highs on Thursday as the S&P 500 tried to complete its longest winning streak in four years.
The broad index gained 0.5 percent, notching an intraday record. It was also on track to post an eight-day winning streak, its longest since 2013.
Investors are looking at broad economic growth, and not just in the U.S., but globally. Investors are also looking ahead to earnings season and are feeling optimistic about companies.
The Nasdaq composite also hit a record, advancing 0.6 percent. The index was also on track to complete an eight-day winning streak.
The Dow Jones industrial average gained 101 points and notched an intraday all-time high. Goldman Sachs and Boeing contributed the most to the gains.
On the data front Thursday, weekly jobless claims fell by 12,000 to 260,000. Meanwhile, the trade deficit fell by 2.7 percent to $42.4 billion in August. Factory orders rose 1.2 percent in August, more than the expected 1 percent increase.
Source: Bloomberg Pro Terminal
Junior Trader Stefan Panteleev
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