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The small-cap Russell 2000 finished Thursday's session with its first record close in almost four years, as all three major U.S. stock indexes also ended at all-time highs.
Investor sentiment got a lift from Wednesday's decision by the Federal Reserve to cut interest rates in a quarter-point increment and to signal two more reductions for this year. Separately, data released on Thursday showed that a previously reported surge in jobless claims during early September turned out to be a false alarm, which sent Treasury yields to their highest levels in about two weeks.
The Dow Jones Industrial Average rose 124.10 points, 0.3%, to end at 46,142.42, based on preliminary data.
The S&P 500 climbed 31.61 points, or 0.5%, to finish at 6,631.96.
The Nasdaq Composite rose 209.40 points, or 0.9%, to close at 22,470.73.
The Russell 2000 rose roughly 61 points, or 2.5%, to finish at around 2,468. It was the small-cap index's first record close since Nov. 8, 2021.
In addition to reaching all-time closing highs, the Dow, S&P 500, Nasdaq, and Russell 2000 each climbed to record intraday highs during Thursday's session.
Ian M. Stevenson | EENews.net | Falling royalty rates for oil and gas production...
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