The gains for indexes marked a return to calm, after a whiff of nervousness wafted through markets Wednesday as interest rates rose. But stocks absorbed the gains without a hiccup, unlike earlier in the week when rate worries helped send the Standard & Poor's 500 lower for its lone blemish this year. The Labor Department said its Consumer Price Index excluding the volatile food and energy components rose 0.3 percent last month.
The Dow Jones Industrial Average climbed almost one percent, adding 205.6 to a close of 25,574.73. The Nasdaq composite finished 0.1 percent lower.
The Nasdaq gained 58.21 on the day, finishing trading at 7,211.78, while the S&P 500 ended the session at 2,767.56, 19.33 higher than it began the day.
FOLLOWING THE MOMENTUM: Stocks have been steadily rising for more than a year as investors bask in an economy where countries around the world are finally all growing in sync.
Banks rose as bond yields continued to climb.
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"We're not fully invested at this point, but we haven't switched to pure defense yet either", Villere said. "We're 30 years into this, waiting for the trigger".
Wall Street pared some of its earlier losses on Wednesday, as U.S. Treasury yields fell from their peak over skepticism China would slow purchases of U.S. government bonds. In contrast, USA export prices edged down 0.1 percent in December, after advancing 0.5 percent in November. The two-year yield broke above 2 percent for the first time since September 2008. It had climbed as high as 2.59% on Wednesday. The rise in rates moderated as the day progressed.
In the commodities markets, benchmark USA crude rose 50 cents to settle at $64.30 per barrel. Brent crude, the global standard, gained 38 cents to $69.20 a barrel.
The Russell 2000 index of smaller-company stocks gained 5.18, or 0.3 percent, to 1,591.97.
DIVIDENDS DULLED: Telecom stocks and utilities lagged well behind the market.
China's trade with North Korea plunges as sanctions tighten
He also said China and Russian Federation , which have not been invited, will be briefed on the discussions after the meeting. In 2017 as a whole, China's overall trade with North Korea declined by more than 10 percent to about $5 billion, as U.S.
The powerful combination has kept markets marching higher even though stock prices have grown to become more expensive than usual, relative to corporate profits.
That's rewarded investors who have repeatedly "bought the dip" and seen every wobble in prices as a buying opportunity.
The next tests for companies will arrive in coming weeks, as they report their results for the last three months of 2017. They make borrowing easier for companies and people, which greases the skids for economic growth.
KB Home leaped 12.3% to $38.58 on Thursday after the Los Angeles homebuilder posted a bigger profit and better sales than analysts expected.
The dollar fell to 112.61 Japanese yen from 113.07 yen late Monday. The euro rose to $1.2036 from $1.1957. On the Nasdaq, 1,808 issues rose and 1,069 fell.
Hot Stocks seeking Investors: W&T Offshore Inc. (WTI), INSYS Therapeutics, Inc. (INSY)
In general, more thrust is placed on most recent actions by assigning higher weights to it than those assigned to past movements. Wall Street is only getting more bearish on the stock, with 0 of analysts who cover WTI having a buy-equivalent rating.
In the commodities markets, gold rose $3.20 to settle at $1,322.50 an ounce. Wholesale gasoline was steady at $1.84 a gallon.