The Nasdaq breached the 9,000-point mark for the first time and the S&P 500 hit a fresh record high on Thursday, boosted by optimism over U.S. Amazon and other retailers are rising as a report shows a last-minute surge in online shopping helped holiday sales.
"Stocks look like they just wont quit".
Investors have been encouraged by plans for an interim U.S.
Stocks moved broadly higher Thursday, nudging the major indexes further into record territory. The Nasdaq rose 0.7% Thursday and has gained more than 35%, putting it on track to make 2019 its best year since 2013.
The S&P 500 is about 1 percentage point short of its best year since 1997.
The S&P 500 is up 733.06 points, or 29.2%.
Only roughly 2.8 billion shares changed hands in USA exchanges on Tuesday, compared with the almost 7 billion daily average over the last 20 sessions. The S&P 500 was up 0.4%, while the Nasdaq Composite climbed 0.7%.
Volume on the New York Stock Exchange totaled 1.67 billion shares with 1,688 issues advancing, 166 setting new highs, and 1,241 declining, with seven setting new lows.
California unemployment rate held at record low in November
Civilian labor force statistics include nonmilitary workers and unemployed Kentuckians who are actively seeking work. Job growth in DE was equal to the national rate of 1.5 percent during a one year period that ended in November.
The rally has been gathering momentum as the year draws to a close and was pushed along Thursday on news that retail sales for the just concluded holiday season were 3.4 percent higher than 2018, including record online sales, which were up almost 20 percent.
Tokyo's Nikkei 225 lost 0.2% to 23,792.34 while the Shanghai Composite Index was up less than 1 off 2 points at 2,983.13.
Prices for the 10-Year U.S. Treasury gained, lowering yields to 1.91% from Monday's 1.93%.
The Russell 2000 index of smaller company stocks rose 2.24 points, or 0.1%, to 1,674.14.
Total U.S. retail sales for November 1 through Christmas Eve rose 3.4% from a year earlier, according to Mastercard SpendingPulse, which tracks both online and in-store spending.
Crude oil futures rose 0.92% at $61.67 per barrel and Brent crude slipped 0.04% at $66.73.
MARKETS OVERSEAS: Markets in Europe, Hong Kong and Australia remained closed. Gold futures gained 0.76%.