U.S. stocks higher, another record close for Dow and S&P 500
NEW YORK -- Stocks closed higher, led by gains in banks and materials companies.
JPMorgan Chase climbed 2 percent Thursday after the bank reported earnings that were better than analysts were expecting, thanks to a jump in trading revenue.
Shares of Japanese messaging app Line soared 27 percent on their first day of trading.
The Dow Jones industrial average rose 134 points, or 0.7 percent, to 18,506. The Standard & Poor's 500 index gained 11 points, or 0.5 percent, to 2,163. The Nasdaq composite increased 28 points, or 0.6 percent, to 5,034.
The Dow and S&P 500 remain at record highs, but the Nasdaq is barely positive for the year.
Bond prices fell. The yield on the 10-year Treasury note rose to 1.53 percent.