U.S. stocks continued to advance on Thursday after two rallying sessions as investors digested a slew of corporate earnings amid expectations for U.S.-China trade talks.
The Dow Jones Industrial Average surged 264.98 points, or 1.06 percent, to 25,380.74. The S&P 500 rose 28.63 points, or 1.06 percent, to 2,740.37. The Nasdaq Composite Index advanced 128.16 points, or 1.75 percent, to 7,434.06.
10 of the 11 primary S&P 500 sectors closed higher, with materials and consumer discretionary up 3.02 percent and 2.23 percent, respectively, leading the gainers. Utilities decreased 0.53 percent, the only loser in the index.
Shares of DowDuPont jumped more than 8 percent, leading winners in the Dow. The company reported third-quarter earnings that beat estimates.
Apple shares rose 1.54 percent. The U.S. tech giant is set to report quarterly results after Thursday' s close, attracting investors' attention.
Investor sentiment was also boosted by comments from U.S. President Donald Trump, which indicated potential progress in U.S.-China trade relations.
On the economic front, in the week ending October 27, the advance figure for U.S. initial jobless claims was 214,000, a decrease of 2,000 from the previous week's revised level, according to a statement released by the Department of Labor.
The U.S. manufacturing purchasing managers' index (PMI) registered 57.7 in October, down from the September rate of 59.8, said the Institute for Supply Management. A reading above 50 indicates expansion in the manufacturing sector while a reading below 50 indicates contraction.
The Dow Jones Industrial Average surged 264.98 points, or 1.06 percent, to 25,380.74. The S&P 500 rose 28.63 points, or 1.06 percent, to 2,740.37. The Nasdaq Composite Index advanced 128.16 points, or 1.75 percent, to 7,434.06.
10 of the 11 primary S&P 500 sectors closed higher, with materials and consumer discretionary up 3.02 percent and 2.23 percent, respectively, leading the gainers. Utilities decreased 0.53 percent, the only loser in the index.
Shares of DowDuPont jumped more than 8 percent, leading winners in the Dow. The company reported third-quarter earnings that beat estimates.
Apple shares rose 1.54 percent. The U.S. tech giant is set to report quarterly results after Thursday' s close, attracting investors' attention.
Investor sentiment was also boosted by comments from U.S. President Donald Trump, which indicated potential progress in U.S.-China trade relations.
On the economic front, in the week ending October 27, the advance figure for U.S. initial jobless claims was 214,000, a decrease of 2,000 from the previous week's revised level, according to a statement released by the Department of Labor.
The U.S. manufacturing purchasing managers' index (PMI) registered 57.7 in October, down from the September rate of 59.8, said the Institute for Supply Management. A reading above 50 indicates expansion in the manufacturing sector while a reading below 50 indicates contraction.
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