The Dow Jones Industrial Average kept its rally going Thursday a day after closing above 37,000 for the first time ever as the 10-year Treasury tumbled below 4% and a surprise gain in retail sales gave investors further confidence 2024 would bring a soft economic landing.
The blue-chip index took on 107.83 points to 37,198.07.
The S&P 500 acquired 19.82 points to 4,726.91.
The NASDAQ jumped 48.17 points to 14,782.14, on pace for a record close Thursday.
Solar stocks ticked higher as yields fell. SunRun advanced 18% and Enphase gained 13%. Shares of Moderna climbed 11% after trial data showed its experimental cancer vaccine reduced the risk of death or reoccurrence when used alongside Merck's Keytruda.
Wall Street received fresh economic data on Thursday that helped fuel hopes for a soft landing. Retail sales increased 0.3% in November, the Commerce Department said on Thursday, in the latest sign that consumer spending remains strong as the holiday shopping season continues.
Economists polled by Dow Jones forecast a decrease of 0.1%.
Prices for the 10-year Treasury leaped, lowering yields to 3.90% from Wednesday's 4.02%. Treasury prices and yields move in opposite directions.
Oil prices jumped $2.59 to $72.06 U.S. a barrel.
Gold prices leaped $57.50 to $2,054.80.