Broad gains in stocks pushed several major indexes to all-time highs on Wall Street.
The S&P 500, the Dow Jones Industrial Average and a measure of small-company stocks all closed at record levels on Thursday. The S&P 500 added 1%. The tech-heavy Nasdaq rose 2.5%, but remains below the record high it set last month.
The gains came as President Joe Biden signed a huge economic relief bill into law. Crude oil prices rose more than 2%, and Coupang, the Amazon of South Korea, soared in its debut on the New York Stock Exchange.
The S&P 500 rose 40.53 points, or 1%, to 3,939.34.
The Dow Jones Industrial Average rose 188.57 points, or 0.6%, to 32,485.59.
The Nasdaq rose 329.84 points, or 2.5%, to 13,398.67.
The Russell 2000 index of smaller companies rose 52.86 points, or 2.3% to 2,338.54.
For the week:
The S&P 500 is up 97.40 points, or 2.5%.
The Dow is up 989.29 points, or 3.1%.
The Nasdaq is up 478.52 points, or 3.7%.
The Russell 2000 is up 146.33 points, or 6.7%.
For the year:
The S&P 500 is up 183.27 points, or 4.9%.
The Dow is up 1,879.11 points, or 6.1%.
The Nasdaq is up 510.39 points, or 4%.
The Russell 2000 is up 363.69 points, or 18.4%.