Investors pushed stocks higher on hopes for more good earnings from big technology companies.
Tech shares pulled the market higher again Thursday, a day after stocks surged on a strong forecast from chip maker Intel Corp.
The tech-heavy Nasdaq advanced for the seventh straight day and closed at its highest level since October ahead of profit reports from Internet search company Google Inc. and computer maker International Business Machines Corp.
Stocks continued the week's sprint-and-jog play, carving more modest gains after surging the day before. Stocks surged on Monday followed by a flatter day Tuesday.
Tech shares pulled the market higher again Thursday, a day after stocks surged on a strong forecast from chip maker Intel Corp.
The tech-heavy Nasdaq advanced for the seventh straight day and closed at its highest level since October ahead of profit reports from Internet search company Google Inc. and computer maker International Business Machines Corp.
Stocks continued the week's sprint-and-jog play, carving more modest gains after surging the day before. Stocks surged on Monday followed by a flatter day Tuesday.
The Dow Jones Industrial Average rose 95.61 points, or 1.1%, to 8711.82, while the S&P 500 added 8.06 points, or 0.9%, to 940.74. The Nasdaq Composite added 22.13 points, or 1.2%, to 1885.03.
Its likely still too early to say that sentiment has changed, although there are least inklings to support it, says Brett D'Arcy, chief investment officer for CBIZ Wealth Management.
"I think you what you saw yesterday was a lot of money coming in from the sidelines, and that money was waiting for some catalyst -- and the Intel release was that catalyst" says D'Arcy. "So I can't say that this is going to be the beginning of a big change, but there was an increase in activity."
"I think you what you saw yesterday was a lot of money coming in from the sidelines, and that money was waiting for some catalyst -- and the Intel release was that catalyst" says D'Arcy. "So I can't say that this is going to be the beginning of a big change, but there was an increase in activity."
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