Major U.S. stock indexes climbed back to record levels on Wednesday as investors assessed the latest reports on the economy. Semiconductor stocks rose after a strong earnings report from Analog Devices.
The Dow Jones industrial average and the Standard & Poor’s 500 index closed at all-time highs. U.S. markets will be closed Thursday for Thanksgiving. They will reopen for an abbreviation session on Friday, when trading will close at 1:00 p.m. Eastern time.
The Dow rose 12.81 points, or 0.07 per cent, to 17,827.75.
The S&P 500 index gained 5.80 points, or 0.3 per cent, to 2,072.83.
The Nasdaq composite rose 29.07 points, or 0.6 per cent, to 4,787.32.
For the week:
The Dow is up 17.69 points, or 0.1 per cent.
The S&P 500 index is up 9.33 points, or 0.5 per cent.
The Nasdaq is up 74.35 points, or 1.6 per cent.
For the year:
The Dow is up 1,251.09 points, or 7.6 per cent.
The S&P 500 index is up 224.47 points, or 12.1 per cent.
The Nasdaq is up 610.73 points, or 14.6 per cent.