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 59.13 points to 37,149.37.
The S&P 500 acquired 17.09 points to 4,724.18.
The NASDAQ jumped 54.57 points to 14,788.54, on pace for a record close Thursday. The index has been boosted this year by gains in Nvidia and other members of the so-called Magnificent Seven.
Solar stocks ticked higher as yields fell. The Invesco Solar ETF (TAN) climbed more than 7%, with constituents SunRun popping 14% and Enphase gaining 8.4%. Shares of Moderna climbed nearly 15% after trial data showed its experimental cancer vaccine reduced the risk of death or reoccurrence when used alongside Merck's Keytruda.
Prices for the 10-year Treasury leaped, lowering yields to 3.95% from Wednesday's 4.02%. Treasury prices and yields move in opposite directions.
Oil prices jumped $2.57 to $72.04 U.S. a barrel.
Gold prices leaped $63.90 to $2,061.20.