The Miami Entrepreneur

U.S. stocks close at 6-week highs as Nasdaq-led winning streak extends to 3rd day

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U.S. stocks closed sharply higher on Thursday as the tech-heavy Nasdaq Composite led all three benchmarks to their highest levels in six weeks. Strong earnings from S&P 500 companies — particularly heavy-hitting tech stocks like Netflix Inc. and Tesla Inc. — have helped to bolster sentiment, prompting wary investors to jump back into the market en masse, market strategists said. The Dow Jones Industrial Average gained 162.06 points, or 0.5%, to 32,036.90. The Nasdaq Composite closed 161.96 points, or 1.4%, higher at 12,059.61. The S&P 500 climbed 39.05 points, or 1%, to 3,998.95. For the Nasdaq, Thursday marked the first time since late May that the index advanced by 1% or more for three consecutive sessions.

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