US Stocks Hit New Highs Amid Easing Inflation Concerns
The US stock market rose to an all-time high on Thursday, with the S&P 500 index climbing 0.7% and topping its prior record set last week.
The Dow Jones Industrial Average added 69 points, or 0.1%, while the Nasdaq composite gained 0.8%.
The rally was driven by signs that inflation is getting less bad, with easing oil prices also contributing to the gains.