Stocks moved mostly higher over the course of the trading day on Thursday after recovering from an initial move to the downside. With the upward move on the day, the tech-heavy Nasdaq reached a new record closing high.
The major averages all closed in positive territory, although the Nasdaq outperformed its counterparts by a wide margin. While the Nasdaq jumped 118.49 points or 1.1 percent to 11,264.95, the Dow edged up 46.85 points or 0.2 percent to 27,739.73 and the S&P 500 rose 10.66 points or 0.3 percent to3,385.51.
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