U.S. stocks approached a new record Thursday.
The S&P 500 rose 0.8 percent and is just 0.05 percent below its all-time closing high, which was set in February. The Dow Jones Industrial Average rallied 0.9 percent, and the Nasdaq gained 1 percent.
McCormick helped lead the market after the seller of cooking spices delivered a better-than-expected profit report. Treasury yields eased in the bond market following a couple of better-than-expected reports on the U.S. economy, including on jobless claims and orders for long-lasting manufactured goods. Stock indexes were mixed across much of Europe and Asia.
On Thursday:
The S&P 500 rose 48.86 points, or 0.8 percent, to 6,141.02.
The Dow Jones Industrial Average rose 404.41 points, or 0.9 percent, to 43,386.84.
The Nasdaq composite rose 194.36 points, or 1 percent, to 20,167.91.
The Russell 2000 index of smaller companies rose 35.92 points, or 1.7 percent, to 2,172.11.
For the week:
The S&P 500 is up 173.18 points, or 2.9 percent.
The Dow is up 1,180.02 points, or 2.8 percent.
The Nasdaq is up 720.50 points, or 3.7 percent.
The Russell 2000 is up 62.84 points, or 3 percent.
For the year:
The S&P 500 is up 259.39 points, or 4.4 percent.
The Dow is up 842.62 points, or 2 percent.
The Nasdaq is up 857.12 points, or 4.4 percent.
The Russell 2000 is down 58.05 points, or 2.6 percent.
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