S&P 500, Dow Jones hit record highs after upbeat jobless claims data

Topics S&P 500 | Dow Jones | Wall Street

The S&P 500 and the Dow hit all-time highs on Thursday as worries about rising inflation subsided, while a bigger-than-expected fall in weekly jobless claims and the signing of a massive stimulus bill reinforced expectations of a strong recovery.   Mega-cap stocks Microsoft Corp, Apple Inc, Facebook Inc and Amazon.com Inc led the rally, recouping losses from a recent pullback and helping the benchmark S&P 500 surpass its Feb.

16 peak of 3,950.43.   The blue-chip Dow scaled a new record for the fourth straight session,.

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