Stocks rose Thursday after another key inflation reading came in lighter than expected. This came after the S&P 500 closed at its highest level in over a year.
The Dow Jones Industrials climbed 105.6 points to open Thursday at 34,4534.03.
The S&P 500 took on 23.89 points to 4,496.05.
The NASDAQ index popped 120.3 points to 14,039.26.
Cybersecurity stock Palo Alto Networks jumped 3.6%, partially rebounding from Wednesday's losses. Meanwhile, shares of MGM Resorts advanced 3% and Wynn Resorts rose 2.7%.
June's producer price index report rose less than anticipated, building upon optimism from Wednesday's consumer price index data. The PPI, which measures what wholesalers pay for goods, rose 0.1% in June. Economists polled by Dow Jones had expected an increase of 0.2%. Core PPI, which strips out volatile food and energy prices, climbed 0.1% — also lower than expectations.
Prices for the 10-year Treasury sagged, raising yields to 3.81% from Wednesday's 3.78%. Treasury prices and yields move in opposite directions.
Oil prices gathered 52 cents to $76.27 U.S. a barrel.
Gold prices forged ahead $1.60 to $1,963.40 U.S. an ounce.