U.S. stocks closed higher on Thursday, propelling the Nasdaq composite index to an all-time high.
It was the best day for stocks in a week and came a day after the Federal Reserve said that it needed to see more improvement in the economy before raising its benchmark interest rate.
For the day:
The Dow Jones industrial average rose 180.10 points, or 1 per cent, to 18,115.84.
The Standard & Poor's 500 index gained 20.80 points, or 1 per cent, to 2,121.24.
The Nasdaq added 68.07 points, or 1.3 per cent, to 5,132.95.
For the week:
The Dow is up 217 points, or 1.2 per cent.
The S&P 500 index is up 27.13 points, or 1.3 per cent.
The Nasdaq is up 81.85 points, or 1.6 per cent.
For the year:
The Dow is up 292.77 points, or 1.6 per cent.
The S&P 500 index is up 62.34 points, or 3 per cent.
The Nasdaq is up 396.89 points, or 8.4 per cent.
This content appears as provided to The Globe by the originating wire service. It has not been edited by Globe staff.