The stock market managed to build some upward momentum on Thursday, sending some market benchmarks into potential record territory. Interestingly, market participants didn't seem troubled by the latest inflation numbers, which pointed to the fastest rate of price increases in more than a decade. As of 12:30 p.m. EDT today, the Dow Jones Industrial Average (DJINDICES: ^DJI) was up 109 points to 34,556. The S&P 500 (SNPINDEX: ^GSPC) had gained 18 points to 4,237, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) had added 65 points to 13,977.
Pent-up demand has been lifting many companies that cater to consumers, and people with considerable disposable income have been particularly ready to get back to normal. That likely played a role in sending shares of high-end home furnishings retailer RH (NYSE: RH) higher on Thursday. And commercial- and business-jet producer Embraer (NYSE: ERJ) also had good news that could point to better times ahead for the Brazilian aircraft manufacturer.
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